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Thursday, August 24, 2017

Ukraine talks with World Bank on Public Procurement Law

The World Bank said on Thursday that it has been involved in dialogue with the government of Ukraine to discuss public procurement reform.

The World Bank and other development partners agree that reform in the area of public procurement is an important area of policy and that a sound Public Procurement Law is essential for ensuring the efficient use of public resources.

The Ukrainian government has submitted amendments to its current Public Procurement Law to address certain deficiencies. The amendments would align Ukraine with the generally accepted international practices for public procurement.

The amendments would reduce the number of exceptions to the law and would also limit the acceptable categories included for exception.

The World Bank said that the proposed amendments, which are in line with good international practices, would help the government achieve transparency and openness. The laws would also encourage more citizens to become involved in the procurement process, contributing to improved transparency and public oversight.