World Bank Institute and GIZ – First Global Open Contracting Meeting, Johannesburg, October 24-26, 2012
July 19, 2012
Failings in public contracting are undermining development. Public revenues are not being generated, allocated and spent effectively. Such factors as corruption, opaque contracting processes and poor oversight of contract implementation are undermining results and citizens are paying the price in terms of schools not built, environmental damage, bridges not fixed to standard, and hospitals unable to offer necessary medicines.
Several global organizations have committed to enhancing contract performance through transparency and monitoring under the umbrella of Open Contracting. Open Contracting begins with the disclosure of the relevant public procurement information from pre-award activities through contract award and implementation to allow for effective monitoring and accountability for results. It covers the variety of contract types, with an emphasis on large scale concessions deals in infrastructure/PPPs, land, extractive industries, and service delivery procurement contracts.
The investor community and private sector actors have important roles to play in Open Contracting, not least in clarifying an emerging business case in terms of ensuring a level playing field, minimizing corruption risks, and ensuring license to operate, and helping delineate what is commercially sensitive and hence protected information. How these apply in the context of PPPs will be the subject of specific sessions at the first Global Meeting on Open Contracting taking place in Johannesburg, October 24-26, 2012.
IFPA members have much expertise and critical perspectives to offer in shaping these emerging Open Contracting standards and practices. We very much hope that you can join us – as panelists and/or participants – in Johannesburg as part of a movement to more responsible and effective public contracting.
Hosted by: The World Bank Institute and GIZ
For further information and details on how to participate or attend, please contact Sara Danish, World Bank Institute, firstname.lastname@example.org.