Public Procurement Reform in Latin America and the Caribbean
Procurement is a vital component of a country's public administration that links the financial system with economic and social outcomes. The state of government procurement greatly determines the governance and performance of community service...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/371061468229175620/Public-procurement-reform-in-Latin-America-and-the-Caribbean http://hdl.handle.net/10986/27460 |
| Summary: | Procurement is a vital component of a
country's public administration that links the
financial system with economic and social outcomes. The
state of government procurement greatly determines the
governance and performance of community services and cuts
across almost every area of planning, program management,
and budgeting. Managing up to 20 percent of gross domestic
product, a public procurement system that optimizes
value-for-money has wide-ranging national benefits. On the
other hand, weaknesses in procurement management
under-deliver social services and increase sovereign risk
for foreign investment. The analysis raises significant
considerations about whether the development agencies, by
promoting only a traditional model of procurement, are
keeping pace with the changing needs of modern government. A
refocus of procurement legislation and regulation in terms
of standards and results rather than procedures would seem
to represent a better match for modern entities. This would
represent a significant cultural shift in the administration
of procurement in these jurisdictions, and would require a
major shift in the monitoring, evaluation and audit of this
function. It would also have major implications for its professionalization. |
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