world-bank-survey-of-purchasers-of-commonly-used-item-from-gove

India Procurement22 May, 2021Education

The World Bank is the largest multilateral development financial institution with 188 client countries around the World. A large portion of funding provided by the World Bank is used in procurement of goods, works and services. Procurement of Commonly Used Items is a challenge, if these are repeatedly required. Many of the Government Agencies, including the Clients of the World Bank are engaged in procurement of commonly used items. Framework Agreements (FAs) have emerged as potential solution for procurement of commonly used items. The World Bank has initiated a global study to document the experience of using framework agreements to understand their advantages and disadvantages in comparison to non-framework agreement procurement methods.