A healthy mix of innovation, continuous engagement, and effective implementation can bring about sustained transformation in public procurement. A more effective and transparent procurement system frees up public money for achieving more and better development outcomes and improving the delivery of public services.
Procurement makes up a substantial portion of government spending with significant impact on the delivery of public services such as water, health, education, and other infrastructure. Bangladesh spends about $16 billion or about one third of its annual budget on public procurement. Of this, $13 billion is spent on the public procurement of goods, works, and services for the implementation of development programs, constituting approximately 70% of the country’s development budget.