A Global Procurement Partnership for Sustainable Development: An International Stocktaking of Developments in Public Procurement | Virtual

📅 19 January 2022
Virtual

Sound public procurement can free up a trillion-dollar in savings annually that could be used to sustain green, resilient, and inclusive economies. Governments spend an estimated $13 trillion on public contracts for goods, services, and public works.

At the same time, they lose a quarter of this spending due to inefficiencies. Pressure to improve procurement practices is likely to increase in the coming years as governments grapple with unprecedented levels of debt, a decline in tax collection, and increased income inequality.

A new report, Global Procurement Partnership for Sustainable Development – An International Stocktaking of Developments in Public Procurement, shows how the role of public procurement can support broader policy goals such as environmental stewardship, resilient and inclusive economic development, and social protection. Join us for a conversation on how public procurement can play a central role in setting the global economy on a more sustainable path. The discussion will also focus on how a broad international coalition—involving governments as well as private businesses—could contribute to efficiency and deliver better services to people all over the world.