• Blogs

    Government accounting at crossroads: Emerging opportunities during COVID-19

    Government accounting and financial reporting are at a crossroads today. Providing information on how much cash is received into treasuries and paid out for goods, services and transfers is not enough. Stakeholders are demanding more accountability and engagement in public finances. Governments are spending large sums of money to tackle the health emergency and to […]

    NOBEL PRIZE FOR BEHAVIOURAL ECONOMICS & PROBLEMS IN PROJECT PROCUREMENT

      Dr. Ajit Patwardhan World Bank approved Professional trainer and International Consultant in Infrastructure Development & Contract Management   Introduction:  This year, the Nobel Prize for Economics, has been awarded to Prof. Richard Thaler of Chicago University, for his contribution to Behavioural Economics. In the press statement, the Royal Swedish Academy of Sciences described his […]

    How to Reduce Fear of Discretion in Public Procurement

    Lessons Learnt from Procurement and Contracts Management of Large and Complex Contracts Financed by Multilateral Development Banks (MDBs): A Procurement Practitioner’s Perspective Devesh C. Mishra and Belita Manka 1 Introduction: This paper seeks to analyze the impact of fear of discretion in procurement and contracts management of large and complex contracts in MDB financed projects. […]

    Imminent! Transformation of the World Bank’s Procurement Framework

    Robert Hunja Director, Public Integrity and Openness In keeping with recent global trends in the procurement arena, the World Bank is transforming and modernizing its procurement framework. In the private sector, companies have long viewed maximizing of supply chains as key to healthier bottom lines. In the public sector, many governments have been moving from […]

    World Bank pushes for open tender system

    Felipe Goya Goddard, – Governance Practice Manager for the South Asia Region at The World Bank, speaks to The Sunday Times in Sri Lanka about open tender systems, open data, and its benefits for the efficient working of Governments in developing economies. A World Bank governance expert warns that the absence of open tendering for […]

    Procurement has a “seat at the high table” in Australia

    Kalesh Kumar Capacity Building Coordinator South Asia Procurement The World Bank In April 2015, I coordinated a World Bank PIO South Asia sponsored Procurement Knowledge Exchange Program for heads of Procurement from South Asian countries to Australia. We visited Australian Commonwealth Government, Canberra; Government of Australian Capital Territory, Canberra; Government of Victoria, Melbourne; and Government […]