Remove Accountability Remove Finance Remove Transparency
article thumbnail

OCP in 2025: our plans for impact, inclusion, innovation plus a significant birthday

Open Contracting Partnership

Government accountability, climate resilience and supporting inclusive economies remain top priorities for leaders around the globe, and stronger public procurement will play a critical role in delivering on them. We moved from transparency to transformation. As 2025 unfolds, OCP’s work will be needed more than ever.

article thumbnail

The case for public procurement as a development finance priority at UN’s 4th Financing for Development Conference

Open Contracting Partnership

A critical finding and recommendation of the World Bank report is to strengthen the transparency and efficiency of public spending and procurement, including through open data and digital procurement reforms. They know full well they will be the ones ultimately paying for it through higher taxes and poorer development outcomes.

Finance 57
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM).

article thumbnail

At National Whistleblower Day, Senators Demonstrate Bipartisan Support for Whistleblowers

Whistleblower Network News

In his speech, Grassley highlighted different examples of how whistleblowers have provided his office with information to help increase transparency and accountability within the federal government. Wyden went on to speak about how whistleblowers have been critical to the oversight efforts of the Senate Finance Committee.

Finance 136
article thumbnail

UN’s first ever resolution on public procurement: what makes it strong and what’s still missing

Open Contracting Partnership

At 2 am on Saturday morning, the day after the 10th Conference of the States Parties to the UN Convention against Corruption (UNCAC) was meant to end in Atlanta, exhausted negotiators finally adopted a resolution on “ Promoting transparency and integrity in public procurement in support of the 2030 Agenda for Sustainable Development ”.

article thumbnail

How Kazakhstan is combating non-competitive procurement

Open Contracting Partnership

The OECD recommends that non-competitive methods should account for 10-20% of the public procurement market. General government procurement accounts for nearly a third of that spending. Failed procurement accounted for 52% of the value of all government procurement in 2018. by value in 2022, 3.2% in 2023, and 3.7%

article thumbnail

How city governments can navigate the fiscal cliff

American City & Country

It’s why all city leaders, not just those in finance, must be well-versed in the different types of budgetary concerns and how to navigate them. Promote transparency and accountability: Enhance transparency in budgetary processes and expenditures to increase trust with constituents.