The World Bank Group (WBG) has set two ambitious goals to push extreme poverty to no more 3 percent by 2030 and to promote shared prosperity and greater equity in the developing world.
The WBG is a vital source of financial and technical assistance to developing countries around the world. Established in 1944, the WBG comprises five institutions headquartered in Washington D.C., with more than 120 offices worldwide.
The Bank provides low-interest loans, zero to low-interest credits, and grants to developing countries. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management.
We also offer support to developing countries through policy advice, research and analysis, and technical assistance. Our analytical work often underpins World Bank financing and helps inform developing countries' own investments. To ensure that countries can access the best global expertise and help generate cutting-edge knowledge, the Bank is constantly seeking to improve the way it shares its knowledge and engages with clients and the public at large.
The WBG spends over $1.6 billion dollars annually for goods and services for its own requirements. Most of the Bank Group’s procurement is handled directly by the Bank’s Corporate Procurement Unit.
The goal of Corporate Procurement is to obtain the best overall value for the WBG through an open and competitive process that is fair to all vendors. Depending on the needs of the Bank Group, Corporate Procurement formally solicits bids and proposals from vendors or in the case of small purchases issues purchase orders without formal competition.
The WBG advertises competitive business opportunities the following two categories; 1) The Administrative Procurement contains solicitations for goods, services and works requirements with an estimated value above US $250,000. 2) The Operations Consulting contains only competitive consulting solicitations with an estimated value above US $50,000.
The Bank Group’s procurement process reflects its commitment to fair labor practices, appropriate wages and benefits, safety, environmental programs, and the diversity of its suppliers. Our Procurement Policy governs all procurements made for, or on behalf of, the Bank Group.
What we buy
The WBG procures a wide variety of goods and services including, but not limited to:
- Information Technology
- Communications Equipment and Services
- Professional & Technical Consulting Services
- Office Supplies, Paper & Paper Products
- Graphic Design, Publications & Print Services
- Construction & Renovation
- Facilities Management Services & Equipment
- And Other Administrative Services