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A Swiss challenge system is a bidding process designed to elicit private sector initiative in core sector projects. It's an offer made by the original proponent to the government ensuring his process to be best (in terms of effectiveness including both the factors cost and time) by his initiative as a result of his own innovative approach or on the demand of the government to perform certain task.
The World Bank functions like a cooperative owned by its 189 member countries. [278] Its own procurement activities are handled at a corporate level, [279] and its Procurement Framework, approved in July 2015 and operational since July 2016, applies to projects and programmes which are supported with World Bank funds. The Procurement Framework ...
The use of the word "procure" in a joint venture agreement between Nearfield Ltd., Lincoln Nominees Ltd., and other partners, in relation to the utilisation of a bank loan, gave rise to a dispute between the parties regarding the meaning of the word "procure", which was resolved in 2006 by the judge, Peter Smith, confirming that the "normal ...
The Open Knowledge Repository is the official open-access repository of the World Bank and features research content about development. [1] It was launched in 2012, [1] alongside the World Bank's Open Access Policy and its adoption of the Creative Commons Attribution (CC BY) license for all research and knowledge products that it publishes, which collectively made the World Bank the first ...
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On 9 August 2023, the World Bank announced it was suspending new loans to Uganda because it claims that a new anti-homosexuality act, enacted in May 2023, contradicts its core values on human rights. The World Bank joined the United States in imposing sanctions against Uganda over the anti-homosexuality law.
Cernea based the new rules, approved by the bank in 1980, on a simple premise: People who lose their land, their homes or their jobs should get enough help to restore, or exceed, their old standard of living. Under the World Bank’s rules, governments seeking money from the bank must put together detailed resettlement plans for people who are ...
The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. The IBRD has 189 member governments, and the other institutions have between 153 and 184. [2] The institutions of the World Bank Group are all run by a board of governors meeting once a year ...