Friday, September 18, 2026
Village Voice News
[adning id="37476"]
ADVERTISEMENT
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
Village Voice News
No Result
View All Result
Home News

CDB supports Procurement Reform in the Eastern Caribbean

Staff Reporter by Staff Reporter
April 17, 2022
in News
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Caribbean Development Bank (CDB) has started a new phase of its public procurement reform programme which is helping Eastern Caribbean countries to increase efficiency and effectiveness in government procurement.

The second stage of the programme, which will include finalising legal reforms and establishing electronic systems, kicked off with a 47-participant workshop, held recently in the Virgin Islands. “Better expenditure management provides a foundation for building stronger and more inclusive economies. This can be achieved through robust public procurement that provides transparency and accountability by promoting civil society participation, stimulating private sector growth and investment, and encouraging wider improvements in governance,” said CDB Head of Procurement, Douglas Fraser.

READ ALSO

Duncan Raises Alarm Over Alleged Assault at Brickdam Registration Exercise

NIS Turns 57 as Govt Moves to End Pension Lines Through Digitisation

Before the procurement reform started in 2018, CDB-financed assessments showed that few countries had dedicated procurement legal or regulatory frameworks. In addition, existing systems relied on outdated financial and administration Acts. Often appropriate institutional structures were not in place to undertake and oversee procurement and almost none of the public servants were dedicated to procurement whilst those involved in procurement lacked suitable qualifications.

Typically, public procurement can account for more than 10-15% of a country’s gross domestic product, but the amount can be considerably higher for small island developing states such as those in the Caribbean where US$8-11 billion is spent every year on public procurement. Consequently, there is significant need for CDB to support its Borrowing Member Countries’ development objectives in this area. In the past four years, with support from the Bank, legal and regulatory reform took place in Antigua and Barbuda and the Virgin Islands, and is at an advanced stage in Anguilla, Dominica, Montserrat and Saint Kitts and Nevis.

Across the Member Countries of the Organisation of Eastern Caribbean States (OECS), chief procurement officers and other senior procurement officials were appointed, often in newly created posts. Some 20 senior officials from across Anguilla, Antigua and Barbuda, Dominica, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent received Diplomas in Procurement and Supply, accredited by the Chartered Institute of Procurement and Supply (CIPS), through the Caribbean Procurement Training Programme, after long-term study.

CDB also actively advocated for all of the OECS countries to join and participate in the Inter-American Government Procurement Network to share technical knowledge and best practice, with the result that for first time all the OECS procurement leads had a venue to meet and build technical relationships. The second phase of the procurement reform, estimated to last until mid-2024, will involve the completion of the outstanding legal and regulatory reforms, the formation of dedicated procurement institutions in the countries, the development of standard procurement documents and support for the introduction of electronic procurement to provide for greater transparency and efficiency.

ShareTweetSendShareSend

Related Posts

News

Duncan Raises Alarm Over Alleged Assault at Brickdam Registration Exercise

by Admin
September 17, 2026

An alleged assault on an immigration officer during a mass registration exercise involving Cuban nationals at the Ministry of Health...

Read moreDetails
NIS 57th Anniversary Staff Awards
News

NIS Turns 57 as Govt Moves to End Pension Lines Through Digitisation

by Admin
September 17, 2026

The National Insurance Scheme (NIS) is moving toward a more fully digital system, with the government urging thousands of pensioners...

Read moreDetails
Member of the Guyana Teachers Union Leadership team
News

Orange Fridays Launched as Caribbean Teachers Back GTU

by Admin
September 17, 2026

The dispute between the Guyana Teachers Union (GTU) and the Government of Guyana has now moved beyond the country’s borders,...

Read moreDetails
Next Post
CEVONS Waste Management Services was certified to the ISO 9001 Standard after completing Technical Assistance with the GNBS

Stakeholder feature


EDITOR'S PICK

Leader of the Opposition and PNCR Mr. Aubrey Norton

Opposition condemns destruction of properties on Linden/Soesdyke and Gov’t misuse of Police Force

June 4, 2023
GHK Lall

Guyana jilted China, China now juks Guyana

May 10, 2025
Senior Counsel Anthony Astaphan

Astaphan, Gossai not ‘fit’ to represent GECOM in petition cases – Opp. Commissioners

November 29, 2020
Leader of the Opposition, Aubrey Norton

Opposition highlights need for robust and programmatic diplomacy

November 28, 2023

© 2024 Village Voice

No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us

© 2024 Village Voice