Procurement Management of Equipment & Works for World Bank Aided Projects
This course explores the key provisions of the new World Bank Procurement Regulations for Investment Project Financing that came into force . The new regulations place a high importance on ensuring that World Bank funded projects will deliver Value for Money and the new Procurement Framework is structured around achieving that goal. This training includes group work to enable participants to prepare the main strategy and procurement planning documents that the World Bank expects from public authorities that wish to apply for IPF financial support.
Developing countries spend millions of dollars each year on purchased goods, construction and services for development purposes. Much of this money comes from International Finance Institutions such as the World Bank in the form of low-interest loans or grants. The World Bank is a vital source of such financial and technical support.
OBJECTIVES
- What the New World Bank procurement regulations require?
- How to competently plan and execute the entire procurement cycle?
- What you need to do to comply with the Procurement Regulations for IPF Borrowers?
- How to manage the processes for the procurement of equipment and works?
- How to apply sound procurement planning strategies?