The CDB provides funding to its borrowing member countries to support socio-economic development objectives. Annually these projects award contracts with a value approximating US$ 50 million to eligible firms and individuals that supply goods, works and consulting services.
Annual Procurement Report 2022
The first edition of the Procurement Report aims to provide stakeholders with relevant information on CDB’s procurement activities in 2022. Procurement on CDB’s projects is conducted in accordance with the Bank’s procurement policy and procedures, which were introduced in 2019 and updated in 2021. These seek to add greater flexibility so “fit-for- purpose” project procurement strategies can be developed and executed based on the realities and objectives of the country and project in question.