The Eurasian Fund for Stabilization and Development joins the Statement of the Heads of Procurement of the Multilateral Development Banks (MDBs) on sustainable procurement.
The Eurasian Fund for Stabilization and Development joins the Statement of the Heads of Procurement of the Multilateral Development Banks (MDBs) on sustainable procurement.
Joint statement on sustainable procurement initiatives of the Heads of Procurement of MDBs consists the intention to work with their clients to implement the policies, plans and actions necessary to stimulate a global transition to sustainable procurement leading to a more inclusive, resource-efficient and greener world.
The statement underscores that sustainable public procurement is a strategic framework for integrating the development goals of economic, social, environmental and institutional governance throughout the procurement cycle.
In the statement highlights the following priorities:
- Awareness Building, Outreach & Partnership;
- General Approach;
- Training/Resource & Tools Development;
- Monitoring and Communicating Impact.
The Eurasian Fund for Stabilization and Development is a member of the Heads of Procurement of the MDBs. The Heads of Procurement of the MDBs was formed over 20 years ago to harmonize their operational policies and practices for enhancing efficiency and effectiveness across all MDB financed operations. Significant progress has been made, including harmonized procurement approaches and documents. Beyond this, several MDBs have put in place-harmonized approaches for mutual reliance arrangements that allow for one MDB to rely on the procurement arrangements of another, in jointly financed operations.
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