IDB Procurement policies expansion

IDB Procurement policies expansion

The IDB starting a process of public consultation to expand its Procurement Policies

Washington, D.C., February 2019.- The Inter-American Development Bank (IDB) has formulated an ambitious Expansion of Procurement Policies in order to facilitate the implementation of the Bank's Institutional Strategy, which was recently updated. The Strategy reaffirms the commitment to promote initiatives that address the main challenges of Latin America and the Caribbean, such as the adoption of information and innovation technologies, and attention to cross-cutting issues such as gender diversity and equality, climate change and environmental sustainability, institutional capacity and resource mobilization.

Other aspects in which the Expansion of Procurement Policies seeks to contribute to the implementation of the updated Institutional Strategy of the IDB are the incorporation of strategic aspects such as the modernization and expansion of purchasing notions and including agile acquisition methods that are adaptable to the new economic needs of the region.

Also noteworthy is the expansion of the menu and the scope of the evaluation criteria available in the competitive procurement processes, the inclusion of the notion of sustainable purchases, and the updating and development of the notions of value for money.

"It is a priority for us to support the Institutional Strategy update and connect clients with innovative solutions. Therefore, we always seek to adapt to the newest in the market and anticipate the future needs of the business", said Katharina Falkner-Olmedo, Division Chief, Financial Management and Procurement Services.

To learn more about this initiative and provide comments on the policy expansion, all peers, partners, clients and other public and private entities or interested individuals are invited to download the documents (Goods/Works - Consultancy Services) as well as the comment forms provided for this purpose, (Goods/Works - Consultancy Services) and send your comments to the e-mail procurement@iadb.org no later than March 31st 2019.