World Bank Public Procurement

The World Bank's Public Procurement refers to the process by which governments and public institutions purchase goods, services, and works, often funded by World Bank loans. This process aims to promote transparency, efficiency, and fairness in how public funds are spent. By establishing guidelines and standards, the World Bank helps ensure that procurement processes are competitive and accountable, reducing the risk of corruption and ensuring that resources are used effectively for development projects, such as infrastructure, health care, and education, ultimately benefiting the public.