Procurement

How can countries build better quality roads within a predictable budget? Looking at data from both developed and developing countries, a new World Bank study highlights the benefits and…

Performance based financing (PBF) links funds or payments to service providers to results achieved and gives them considerable autonomy in using these funds.

Governments today spend an estimated $13 trillion each year on public contracts for goods, services and public works. As much as a quarter of that is wasted in inefficient or shortsighted…

The OECD estimates that in 2020, governments in 27 countries for which data is available, spent an average of 14 percent of their GDP on public procurement of goods and services, out of 28 percent…

Public procurement is vulnerable to corruption (Olken 2007, Collier et al. 2016, Lichand and Fernandes 2019, Colonnelli and Prem 2020). Estimates of bribes range from 8% to 25% of the value of…