Supporting good governance and addressing corruption are integral to the Bank’s 
development work. Introduced in July 2016, the World Bank’s Procurement Framework plays an important role in this effort by emphasizing value for money (vfm) and fair competition and the highest level of integrity to encourage the participation of the best-performing suppliers.
VfM means the optimal combination of quality, whole-life costs and sustainability. This approach also enables selection of innovative technologies to address complex development challenges.
Preventing and controlling corruption: A modern approach to procurement
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find work, when they get better at what they do, and when they move from low-productivity work to better, higher-productivity jobs. Our newest report `
for data: more than 1,000 participants voted with their feet and their time to show their commitment for data—and that’s a commitment we share. Here’s what we learned from our first Data Day:
businesses—those operating outside formal licensing and registration procedures—outnumber formal firms by a factor of 9 to 1. The World Bank’s Enterprise Analysis Unit recently published surveys of informal businesses in Mozambique, conducted in collaboration with the country management unit and colleagues from the Finance, Competition, and Innovation Global Practice. These surveys were designed to mirror the standard 
Development Goals. Mobilizing the necessary resources remains central to its success.
