In line with global trends, the World Bank has unveiled a new procurement framework in South Asia including Sri Lanka to enhance growth impact and transparency.
The new system helps its partner countries procuring goods and services under Bank-funded projects make the best use of their public spending, bolstering their national procurement policies, and improve their growth objectives.
World Bank Director for governance global practice Robert Hunja introduced the new framework in Colombo,
He said the framework will enable the bank to better respond to the needs of its client countries.
He added, "We are committing to put our resources and energy to help our clients and development partners to focus on outcomes rather than rules and procedures."
The new system helps its partner countries procuring goods and services under Bank-funded projects make the best use of their public spending, bolstering their national procurement policies, and improve their growth objectives.
World Bank Director for governance global practice Robert Hunja introduced the new framework in Colombo,
He said the framework will enable the bank to better respond to the needs of its client countries.
He added, "We are committing to put our resources and energy to help our clients and development partners to focus on outcomes rather than rules and procedures."