· World Bank Procurement in Investment Project Financing helps borrowers achieve
sustainable development objectives through value-based, principled, and transparent procurement guidance and support.
· The World Bank Procurement Framework launched in 2016 promotes a strategic, fit-for-purpose approach to procurement that focuses on impact and overall value-for-money.
· In keeping with the value-focused approach, most World Bank-financed Procurement will require the use of Rated Criteria which will promote the inclusion of key quality and sustainability criteria rather than using just the lowest evaluated price for award decisions.
development dividends, while hiding a host of social and environmental issues. In 2020, this paradigm hit headfirst into the realities of a global pandemic, worsening climate change, and conflict. Across poor countries and in poor communities, people who had only marginally benefited from development were the first to experience its shortcomings.

the North Sea, north of the Wadden Islands. The production location will be located next to two wind farms and should be operational around 2031. The green hydrogen is brought ashore through pipelines.
thoughts. Europe and Central Asia were severely hit by COVID-19, facing
development.
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