Launch hosted by World Bank Group, U.S. Chamber of Commerce and Global Business Coalition
Washington, D.C., December 05, 2016 – The World Bank Group and the U.S. Chamber of Commerce have hosted the second Annual Global Benchmarking Public Procurement Conference with the support of the Global Business Coalition (GBC) and launched the World Bank Group’s Benchmarking Public Procurement 2017 Report on the occasion.
The Report presents new findings on public procurement laws and regulations across 180 economies and addresses legal and regulatory environments that impact the ability of private sector companies to do business with governments around the world. Two thematic pillars structure the 2017 publication: i) The procurement process, from the needs assessment to the implementation of the procurement contract; ii) the public procurement complaint mechanism.
Public procurement is the largest single marketplace in developing and developed economies, accounting for around one-fifth of global GDP. A transparent, fair, and competitive public procurement system can generate business opportunities, stimulate innovation, and drive economic growth. The World Bank initiative thus aims at fostering transparency in governance, reforms and improvement of public spending globally.
The Global Business Coalition (GBC), formerly B20 Coalition, brings together leading independent business associations from the major world economies and advocates on behalf of more than 6.8 million small, medium and large companies. The Coalition is committed to cooperating with the World Bank in this process, notably by supporting the collection of relevant data with the aim to promote evidence-based decision making by governments.
The panellists at the conference included, John Hopkins, Chairman of the Board, CEO of NuScale Power, LLC; Christopher Browne, Chief Procurement Officer, World Bank Group; Raffaele Cantone, Head of Italy’s Anti-Corruption Authority; and Issa Ide, Chief Procurement Officer, Islamic Development Bank. The panels reviewed procurement in the Americas, Europe, Africa, Asia, Pacific & the Middle East, and the conference concluded with a discussion on the impacts of technology and globalization on procurement practices.
To download the executive summary of the 2017 Benchmarking Public Procurement Report – click here
To download the full 2017 Benchmarking Public Procurement Report – click here
To download the Press Release – click here