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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). What is Smart Public Procurement?

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Effectiveness and Efficiency in Public Procurement: Key Pillars for Optimal Resource Management

The Procurement ClassRoom

Introduction In public procurement , effectiveness and efficiency are crucial for achieving optimal results using public resources judiciously. The interplay between these principles ensures the responsible and transparent management of public funds, crucial for meeting community needs while optimizing economic benefits.

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Public procurement (entry for an Encyclopaedia)

How to Crack a Nut

I was invited to provide an entry on ‘public procurement’ for the forthcoming Elgar Encyclopedia of European Law co-edited by Andrea Biondi and Oana Stefan. things going on in procurement. Public Procurement I. Below is my draft entry with perhaps an eclectic choice of content.

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A focus on people: Delivering better public procurement

Open Contracting Partnership

For anyone with a checking account and a debit card, being able to check your balance by logging into a mobile app or accessing a secure website is an essential feature. But many SNAP users must call a hotline or buy a small item to check their balance on a receipt. It facilitates budgeting and financial planning. In the U.S.,

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The 3 revolutions of public procurement in Africa

Open Contracting Partnership

Public procurement is like the heartbeat of public spending in most of Africa – by some estimates, it accounts for 17% of the GDP of African Countries. Procurement was long seen as a clerical administrative function, rather than a strategic lever. This was not always the case.

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The Public Procurement Glossary

Tracker Intelligence

The Public Procurement Glossary Public procurement can feel like a maze of unfamiliar terms and endless abbreviations. Thats exactly why this Public procurement glossary existsto make things simple. What Is Public Procurement? Youre not alone! It is like shopping but on a bigger scale.

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Impact of PPN 02/24 on AI Use in Public Procurement

Tracker Intelligence

As these systems begin to play a more important role, the government needs to uncover the risks associated with using artificial intelligence in procurement, and what steps need to be taken to manage these risks effectively. AI compliance in public procurement remains a developing process.