What are the Bank’s policies in procurement?
The Bank’s procurement policy is based mainly on five considerations, namely: • Need for economy and efficiency in project implementation; • Equal opportunity for all eligible suppliers and contractors from member countries to compete in the supply of goods and works services financed by the Bank; • Encouragement of the development and participation of contractors and suppliers from Regional Member Countries of the Institution, and • The importance of transparency, accountability, competency, and non-discrimination, in the procurement process; and • Combating fraud and corruption in the procurement process.
