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A Swiss challenge is a form of public procurement operated in some jurisdictions, which requires a public authority (usually an agency of government) which has received an unsolicited bid for a public project (such as a port, road or railway), or for services to be provided to government, to publish the bid and invite third parties to match or better it.
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 ...
[29] [30] In 2021 the World Bank Group estimated that public procurement made up about 15% of global GDP. [31] Therefore, government procurement accounts for a substantial part of the global economy. Public procurement is based on the idea that governments should direct their society while giving the private sector the freedom to decide the ...
Global map of total central government revenues, as share of GDP, 2022 [1] Global map of total central government expenditures, as share of GDP, 2022 [2]. This is the list of countries by government budget.
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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 ...
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 ...
Between 2004 and 2013, the World Bank committed to lend or give at least $338 billion, according to bank data. Its private-lending affiliate, the International Finance Corporation, committed to invest at least $116 billion during the same period in corporations and other banks in pursuit of the overall goal of alleviating poverty.