World Bank Procurement Practices

The World Bank Procurement Practices are guidelines to ensure that funds used for development projects are spent fairly, transparently, and efficiently. They standardize how countries select suppliers, contractors, and service providers, emphasizing competition, value for money, and good governance. These practices aim to prevent corruption, promote equal opportunities, and ensure that projects meet quality standards. By following these rules, the World Bank helps ensure that development initiatives deliver the intended benefits, fostering accountability and trust in the use of funds across different countries and projects.