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 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.
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.. Read more.
Only in one-third of countries, including the Czech Republic, the time for supplier to actually receive payment is less than 30 calendar days, the report says.