In 2016, the Asian Development Bank carried out internal and external consultations with a range of stakeholders, to address the question: What needs to be fixed in the bank’s procurement system?
Shorter procurement cycle, focus on quality and improve delivery models and delivery systems, was the response they received.
Building on this feedback and the bank’s 10-point procurement action plan launched in 2014, ADB came out with a new procurement framework approved in April by its board of directors, to be applied in all new projects with concept notes approved from July 1 onwards.