Bank accused of wasting aid millions through poor buying_3
18 July 2012
Poor procurement practices by the World Bank and other institutions running development projects are wasting millions that could be channeled into debt relief for third world countries, according to a purchasing expert.
Tim Tucker, who has spent the last 20 years working in procurement with the World Bank and European Union, has called for a major revamp of the institution’s purchasing practices.
“The world’s press is full of the problems of third world debt, yet the large contribution of bad buying practices to these problems is hardly ever mentioned,” he writes in this issue...