Public Procurement in Latin America and the Caribbean and IDB-financed project: a Normative and Comparative Study
Benavides, José Luis; M'Causland Sánchez, María Cecilia; Flórez Salazar, Catalina; Roca, María Eugenia
In recent years, Latin American and Caribbean (LAC) countries have made important advances in the modernization of their public procurement systems. The Inter-American Development Bank (IDB), with the aim of maintaining and deepening its commitment to LAC countries under its development effectiveness framework, has been adapting the approach to procurement in projects to ensure that internationally accepted standards and good market practices are followed, while assisting countries efficiently and effectively in a changing environment. This study presents a comparative analysis of the normative public procurement frameworks of 12 LAC countries with respect to IDB procurement policies. The main goal of the study is to identify the main differences and opportunities that have been analyzed the most in IDB¿s procurement policies to support the strategy of alignment to the demands of the countries in the abovementioned development effectiveness framework. The study identified the need to describe explicitly the guiding principles of public procurement in the IDB¿s Procurement Policy, as well as broaden the concept of value for money; include new methods of procurement, such as competitive dialogue and negotiation; make the evaluation criteria for works and goods in complex projects more flexible; incorporate the use of technology for certain contracting methods, such as framework agreements and reverse auctions; and streamline the use of national public procurement systems.