World Bank Framework Agreement

/ World Bank Framework Agreement

World Bank Framework Agreement

„COVID-19 has significantly increased the complexity of the challenges facing our customers. Our partnership with the European Commission is more important than ever as we work together to end extreme poverty, increase prosperity and improve the lives of millions of people around the world,“ said Axel van Trotsenburg, World Bank Director General of Operations. Expressions of interest should be presented electronically in English through the World Bank Group`s EConsultant2 (wbgeconsult2.worldbank.org/wbgec/index.html). An evaluation method has been developed and is being reviewed to assess the legal and regulatory framework, as well as the capacity and capacity of a borrower`s implementation agency. It uses the Ocde (OECD) methodology for the evaluation of procurement systems (MAPS) as the basis. The evaluation method has been designed to include an additional pillar covering procurement procedures and the application of minimum standards. An evidence-based approach is also used to analyze procurement data and gather the views of the private sector and civil society organizations (CSOs). As part of the new procurement framework, four important innovations are helping companies and customers in countries: the European Commission and the World Bank Group signed a framework agreement for the first time in 2001. The new cooperation agreement is an update and extension of an earlier 2016 agreement and sets out the terms of cooperation between the two organizations.

The Financial Framework Partnership Agreement allows the parties to forge long-term cooperation, including innovative instruments and strengthening their relationships with mature partners such as the World Bank Group. Building on the long-standing cooperation of partners, the agreement will promote economic growth and digital development, create jobs, strengthen skills, support fragile and conflict-affected states, combat climate change and address gender inequalities around the world. In addition, the agreement will help accelerate the joint response of partners to COVID-19, including support for small and medium-sized enterprises in emerging countries. „Over the years, the European Commission and the World Bank Group have together helped millions of people around the world lead better lives. With today`s agreement, we will equip ourselves with a renewed toolkit to more effectively address today`s many more complex global challenges,“ said Johannes Hahn, European Commissioner for Budget and Administration. In addition, the agreement indicates a coordinated and consistent approach to public procurement, which should increase efficiency and avoid duplication in co-financed projects.

By | 2020-12-22T02:36:31+00:00 Dezember 22nd, 2020|Allgemein|0 Kommentare

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