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Books > Law > International law > Public international law
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Public Procurement and Multilateral Development Banks - Law, Practice and Problems (Hardcover)
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Public Procurement and Multilateral Development Banks - Law, Practice and Problems (Hardcover)
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The multilateral development banks cumulatively channel billions of
dollars annually in development assistance to borrower countries.
This finance is usually spent through processes that incorporate
the public procurement regulations of the banks and it is often a
condition of this finance that the funds must be spent using the
procurement regulations of the lender institution. This book
examines the issues and challenges raised by procurement regulation
in the multilateral development banks. The book examines the
history of procurement regulation in the banks; the tripartite
relationship created between the banks, borrowers and contractors
in funded procurements; the procurement documents and procurement
cycle; as well as how the banks ensure competition and value for
money in funded procurements. The book also examines the banks'
approach to sustainability concerns in public procurement such as
environmental, social or industrial concerns; as well as how the
banks address the issue of corruption and fraud in funded
contracts. Another issue that is addressed by this book is how the
banks have implemented the aid effectiveness agenda. It will be
seen that the development banks have undertaken steps to harmonise
their policies and practices, increased borrower procurement
capacity, taken steps to reduce the tying of aid, and play an
important role in the reform of borrower procurement systems, all
in an effort to improve the effectiveness of development finance.
The book also considers the contractual and other remedies that are
available to parties that may be aggrieved as a result of a funded
procurement. The book analyses, compares and contrasts the legal,
practical and institutional approaches to procurement regulation in
the World Bank, the Inter-American Development Bank, the African
Development Bank, the Asian Development Bank and the European Bank
for Reconstruction and Development.
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