The World Bank report on procurement in Latin America and the Caribbean (LAC) for the period 2023-2024 presents a comprehensive view of the activities, strategies and collaborations that define the procurement landscape in the region. Through PROLAC (Procurement Program for Latin America and the Caribbean), the World Bank seeks to improve efficiency and transparency in procurement processes, promoting sustainable and equitable development.

PROLAC relevant data

• Total Amount of Contracts: The total value of contracts in execution under PROLAC reaches $13.7 billion, covering 220 projects in 29 countries, including countries of the OECS (Organization of Eastern Caribbean States).
• Sector Distribution: Acquisitions are widely distributed among sectors such as transportation (9.8%), health (11.3%), education (6.6%) and energy (7.0%), with a notable emphasis on construction, which represents 49% of the value total awarded.

Action strategy

• Quick and Efficient Response: Most contracts subject to prior review receive a response within one day, thanks to efficient collaboration between accredited specialists and the World Bank’s country management units.
• Focus on Gender and Resilience: An essential component of PROLAC is the promotion of gender equality through gender-sensitive procurement. The report “Gender-Responsive Procurement in The Caribbean” highlights how procurement policies can empower women and foster community resilience in nine Caribbean countries.

Collaboration and dialogue to improve results

• Multilateral Cooperation: Under the leadership of President Ajay Banga, the World Bank has strengthened its cooperation with other multilateral development banks (MDBs) to harmonize and mutually recognize policies and standards, especially in the area of ​​procurement. This joint strategy seeks to maximize the impact and efficiency of the funded projects.
• Regional Alliances: Collaboration with entities such as the Inter-American Development Bank (IDB) and the Development Bank of Latin America (CAF) has been fundamental for the implementation of infrastructure and sustainable development projects in the region.

Future perspectives and challenges

• Projects on the Horizon: In the coming years, it is anticipated that procurement operations in sectors such as transportation, water and education will represent the majority of contracts in terms of value, while the health sector will have a smaller participation.
• Talent Development: The Procurement Analyst Program for A2D (Administrative and Client Support) exemplifies the World Bank’s commitment to the development of its staff. This program, launched in 2023, seeks to train the next generation of procurement specialists, providing professional development opportunities and practical experience.

Conclusions

The World Bank’s PROLAC 2023-2024 report highlights the commitment to improving procurement processes in Latin America and the Caribbean. Through a combination of innovative strategies, multilateral collaboration and talent development, PROLAC is well positioned to meet future challenges and contribute significantly to the sustainable and equitable development of the region.

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