The Annual Bank Conference on Development Economics (ABCDE) is fast approaching. The theme of this year’s conference is "Political Incentives and Development Outcomes" and papers selected for this year’s ABCDE are now posted online.
Public procurement of services, works and supplies is estimated to account for 15-20% of GDP in developing countries, and up to 50% or more of total government expenditure. Efficient and effective procurement is vital to core government functions, including public service delivery and provision of infrastructure. Weaknesses in procurement systems can lead to large-scale waste of public funds, reduced quality of services, corruption, and loss of trust in government.