Description
Bloomsbury Publishing PLC Public Procurement and Multilateral Development Banks: Law Practice and Problems by Sope Williams-Elegbe
Each year billions of dollars are channeled into development assistance to borrower countries from multilateral development banks. This book investigates how this funding is regulated and explores those issues and challenges that arise as a consequence. Opening with the history of procurement regulation it goes on to outline the tripartite relationship created between the banks borrowers and contractors in funded procurements. Practical questions such as procurement documents and procurement cycle; as well as how the banks ensure competition and value for money in funded procurements are discussed. The study also illustrates those steps that development banks have undertaken to harmonise their policies and practices to increase borrower procurement capacity and to reduce the tying of aid. Finally it considers contractual and non contractual remedies that are available to parties that may be aggrieved as a result of a funded procurement. By analysing comparing and contrasting legal practical and institutional approaches to procurement regulation by key stakeholders in field such as the World Bank the Inter-American Development Bank the African Development Bank if offers a unique insight into the work of procurement regulation.