Industry Engagement Program
The World Bank’s Industry Engagement Program (IEP) has been established to identify and address recurring procurement challenges in targeted industry sectors. The aim is to improve procurement approaches, readiness for project implementation and drive better overall value for money. The IEP was established as part of Management’s commitment to the Board (July 2015).
The IEP works closely with industry sector experts (both on the client and the supply side) to identify and address recurring procurement challenges in Bank-financed Investment Project Financing (IPF). The principal objective is to achieve improved procurement and development outcomes.
Other IEP objectives:
1. motivate the right companies to bid
2. speed up procurements
3. reduce the costs of bidding (for Borrowers and suppliers)
4. improve readiness for project implementation
5. achieve value for money in delivering better outcomes and results
6. bring greater transparency to the bidding process
7. reduce procurement-related complaints.
Targeting key industries
The IEP focuses on specific industry sectors so that results can be shown quickly, before moving on to the next target area. Since 2017 target sectors include (find out more on each by clicking):
- Water Sector - Supply, Sanitation, Resource Management, Irrigation
- Health Sector - Medical Diagnostic Imaging Equipment