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Publish Date : 22-Aug-2015

Government is seeking $2 million from the World Bank to implement technical aid for the modernization of Zimbabwe's public procurement project. The project is being funded under a multi-donor trust fund, the Zimbabwe Re-Engagement Fund.

The Office of the President and Cabinet's public sector modernisation and performance management department said the planned would enhance institutional and legislative reforms of public procurement and boost government capacity for e-procurement adoption in order to increase transparency and efficiency in government procurement.

It said, "The government of Zimbabwe has applied for financing from the World Bank, an amount of $2 million equivalent, towards the cost of implementing the project on technical assistance for the modernisation of Zimbabwe public procurement, and it intends to apply part of the proceeds to payments for goods, works, related services and consulting services to be procured under the project."

The project will include the reform and modernization of the State Procurement Board (SPB) into a new non-executive procurement authority with a mandate of setting standards and guidelines as well as monitoring and assessing compliance.

It added, "The thrust allows for the decentralisation of procurement of various goods and services to procurement units that will be established in ministries departments and agencies (MDAs) throughout the public sector."

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