Procurement under World Bank-financed projects results in the award of about 20-30,000 contracts with a total value of about $20 billion each year. Of these, about 7,000 contracts (particularly large-value contracts) are reviewed by The World Bank staff prior to the contract award. Information on the winning contracts, which were subject to the Bank's review, is publicly available after the contracts have been signed. The thresholds for prior review vary from loan to loan, and country to country, as specified in the procurement schedule of the Legal Agreement.
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