Public procurement and multilateral development banks : law, practice and problems / Sope Williams-Elegbe.

Format:

Book

Author/Creator:

Williams-Elegbe, Sope, author.

Language:

English

Subjects (All):

Development banks--Law and legislation.

Development banks.

Government purchasing--Law and legislation.

Government purchasing.

Public contracts.

Physical Description:

1 online resource (343 pages)

Place of Publication:

Oxford ; Portland, Oregon : Hart Publishing, 2017.

Summary:

The multilateral development banks cumulatively channel billions of dollars annually in development assistance to borrower countries. This finance is usually spent through processes that incorporate the public procurement regulations of the banks and it is often a condition of this finance that the funds must be spent using the procurement regulations of the lender institution. This book examines the issues and challenges raised by procurement regulation in the multilateral development banks. The book examines the history of procurement regulation in the banks; the tripartite relationship created between the banks, borrowers and contractors in funded procurements; the procurement documents and procurement cycle; as well as how the banks ensure competition and value for money in funded procurements. The book also examines the banks' approach to sustainability concerns in public procurement such as environmental, social or industrial concerns; as well as how the banks address the issue of corruption and fraud in funded contracts. Another issue that is addressed by this book is how the banks have implemented the aid effectiveness agenda. It will be seen that the development banks have undertaken steps to harmonise their policies and practices, increased borrower procurement capacity, taken steps to reduce the tying of aid, and play an important role in the reform of borrower procurement systems, all in an effort to improve the effectiveness of development finance. The book also considers the contractual and other remedies that are available to parties that may be aggrieved as a result of a funded procurement. The book analyses, compares and contrasts the legal, practical and institutional approaches to procurement regulation in the World Bank, the Inter-American Development Bank, the African Development Bank, the Asian Development Bank and the European Bank for Reconstruction and Development

Contents:

Introduction

A historical overview of the MDBs and the history of public procurement regulation in the World Bank

THe MDBs and International law

The procurement documents

The project cycle and the procurement process

Value for money, competition and selection procedures

Secondary (Sustainability) concerns in MDB procurement

Corruption in MDB funded procurement

The aid effectiveness agenda : harmonisation, tied aid and use of country systems

Public procurement reform and the development of procurement capacity in developing countries : the role of MDBs

Remedies under MDB-funded procurement.

Notes:

Includes index.

Includes bibliographical references and index.

Description based on print version record and CIP data provided by publisher.

ISBN:

9781509930791

1509930795

9781509995301

1509995307

9781509912933

1509912932

OCLC:

967457390