As stipulated in the Project Financing Agreement, procurement by World Bank borrowers (clients) is governed by the Procurement Regulations (English, French, Spanish). In supporting the core procurement principles, the Procurement Regulations provide many choices for clients to design the right approach to market. Early-stage planning will help clients develop an approach that provides the best value for money and supports effective project delivery. The planning phase will also help establish the level of guidance and support required through project implementation.
Project Procurement Strategy for Development
A Project Procurement Strategy for Development (PPSD) is the Bank’s Project-level procurement strategy document. The preparation of the PPSD by clients, with the support of Bank staff, is the primary procurement planning instrument for projects. Developing the PPSD is part of the preparation process for an investment project financing plan. The PPSD describes how procurement will support the project’s development objectives and deliver value for money.
Systematic Tracking of Exchanges in Procurement (STEP)
STEP is an online system that helps World Bank and its Borrowers plan, record, and track key stages of the procurement process. It is designed to help clients achieve value for money in procurement by transforming data into knowledge, speeding up the procurement process, and improving accountability and transparency. It streamlines and automates some stages of the procurement process and enables monitoring and reporting.
Learning Resources
Please visit the Learning page for a detailed list of relevant e-learning options and other resources.
