World Bank Procurement Regulations

The World Bank Procurement Regulations set the rules for how development projects funded by the World Bank acquire goods, services, and works from suppliers, ensuring transparency, fairness, and value for money. They establish procedures for selecting partners, securing competitive bids, and managing contracts, aiming to prevent corruption and favoritism. These regulations promote accountability and efficiency, helping ensure that projects deliver intended benefits effectively and ethically. In essence, they provide a standardized framework for procurement processes across countries receiving World Bank support, fostering trust and good governance.