WASHINGTON, D.C. — The U.S. Chamber of Commerce, the World Bank Group, and the Global Business Coalition held the second annual Global Benchmarking Public Procurement Conference, releasing the World Bank’s 2017 Benchmarking Public Procurement Report. The conference featured U.S. Chamber Chairman John Hopkins, the World Bank’s Augusto Lopez-Claros, and public procurement specialists from foreign governments and the private sector.
The report breaks new ground as the first comprehensive independent survey of 180 markets with detailed country-by-country scoring of every step of public procurement. It is the first to score countries by the impact their legal and regulatory environments have on the ability of private sector companies to participate in procurement activities.
“Public procurement is one of the most significant areas of economic activity around the world. But until now, there has not been a fact-based understanding of how private sector companies can deliver goods and services to the public sector,” said Gary Litman, vice president for Global Initiatives at the U.S. Chamber. “If done fairly, competently and with integrity, public procurement can drive innovation, provide competitive service for citizens, and ultimately spur economic growth. The report is an important step to understanding how to maximize this potential.”
Global public procurement accounts for 25 percent of all government spending and accounts for approximately one-fifth of global GDP. The report tracks this spending across all of the markets, from the moment of needs assessment to the disbursement. It indicates which countries have room for improvement and where the risks of working with governments are low.
The report was released at the second annual Global Benchmarking Public Procurement Conference hosted at the U.S. Chamber. Representatives from the World Bank procurement leadership team and other prominent procurement officials discussed global public procurement in the Americas, Europe, Africa, Asia, Pacific and the Middle East, as well as the impacts of technology and globalization on procurement practices.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its International Affairs division includes more than 70 regional and policy experts and 25 country- and region-specific business councils and initiatives. The U.S. Chamber also works closely with 117 American Chambers of Commerce abroad.