Does the Bank encourage “Joint-Ventures” in the procurement of Goods, Works and Acquisition of Consultancy Services?
Yes. The Bank recognizes the formation of “joint-ventures” by companies in order to increase capacity for a specific supply of goods, provision of works or services. Furthermore, in order to encourage the development of domestic industry, suppliers and contractors in the Borrower’s country, are encouraged to participate in the procurement process. The local suppliers or contractors can bid either independently or in “joint-venture” with foreign firms, from member countries, in accordance with the conditions of the Bank’s Rules.
