The World Bank is reviewing its operational procurement policy and procedures, in a two-year process, from March 2012 through early 2014. The two-stage review will include consultations throughout its duration. The review is being undertaken in response to new demands emerging from a changing global operating context, the diverse and evolving needs of clients, and the varying instruments and changing business that the Bank offers today to promote development. It is in line with the Bank’s broader modernization agenda and reform of investment lending. The goal is to ensure that the Bank’s procurement policy and its procedures remain relevant to today's world and they continue to support development results.
CONSULTATIONS – PHASE 1
From May 2012 through September 2013, the World Bank is consulting with stakeholders worldwide to seek input to help shape a framework of proposed guiding principles for the revision of the procurement policy and procedures. This draft framework will be discussed at the Board of Executive Directors in early 2013. An Initiating Discussion Paper has been prepared as basis for discussion, as well as a presentation providing an overview of the rationale for reviewing the policy. Read the two-stage approach to the review (pdf), endorsed by the Board of the Executive Directors in February 2012. For more information on the overall process see the consultation plan (pdf). Download PDF of Indicative timeline of the review.