Devex has analyzed the World Bank’s major contract awards to explore funding trends, priority sectors, and key projects for contractors from its biggest supplier country: China.
In the 2020 fiscal year, the World Bank awarded 2,776 contracts worth a total of $7.87 billion — 23.6% of which went to Chinese organizations. China consistently won over 20% of the total award funding from 2018 to 2020. Last year, Indian contractors received the second-most with 17% of total funding, while Turkish contractors won the third-most with 6% — but combined, they still received less than their Chinese counterparts.
Though Chinese organizations received the largest share of contracts annually from 2017 to 2020, total contract funding per year has significantly decreased, declining from $4.3 billion to $1.9 billion over that period.