The World Bank Procurement Framework

The World Bank Procurement Framework sets rules and procedures for purchasing goods, works, and services for projects it funds. Its goal is to ensure transparency, competitiveness, and value for money while promoting fair treatment of suppliers. The framework outlines how to plan, select, and contract suppliers, with guidelines adaptable to different project sizes and complexities. It also emphasizes accountability, ethical standards, and risk management. Overall, it ensures that funds are spent efficiently and effectively, fostering trust and integrity in development projects financed by the World Bank.