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Institutions

Plain-language definitions of every Institutions term that shows up in government tender work.


Institutions

ADB Anticorruption Policy

The Asian Development Bank's binding framework that defines corrupt, fraudulent, coercive, and collusive practices in project procurement and empowers ADB to investigate, sanction, and debar firms that violate it.

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Institutions

ADB e-Procurement Guidance

ADB's framework of standards and advice for developing member countries adopting electronic procurement systems, supporting digital transformation of public procurement while maintaining compliance with ADB's core procurement principles.

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Institutions

ADB Procurement Policy (2017)

The Asian Development Bank's reformed procurement framework adopted in 2017, introducing fit-for-purpose principles, Open Competitive Bidding, and stronger value-for-money standards for all ADB-financed projects.

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Institutions

ADB Procurement Policy (2017)

The Asian Development Bank's governing framework for all project procurement, adopted in 2017, that replaced the previous guidelines with a principles-based approach centred on value for money and fit for purpose.

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Institutions

Advance Procurement Action

ADB's permission for a borrower to begin certain procurement steps before a loan or grant is formally approved, reducing the gap between project approval and contract award on time-sensitive infrastructure projects.

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InstitutionsAfDB

African Development Bank (AfDB)

The continent's primary multilateral development bank, financing infrastructure, agriculture, industrialisation, and integration across all 54 African countries with about $11 billion in annual commitments.

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InstitutionsAfDB

African Development Bank (AfDB/ADB)

Africa's principal multilateral development bank, committing roughly USD 11 billion per year to infrastructure and development across all 54 African countries, with two funding windows that carry different eligibility rules for bidders.

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InstitutionsADF

African Development Fund (ADF)

The concessional lending window of the African Development Bank that finances the poorest African countries and opens procurement to suppliers from every country worldwide.

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InstitutionsAIIB

AIIB (Asian Infrastructure Investment Bank)

A multilateral development bank established in 2016 with 109 members that finances infrastructure across Asia and beyond, with no nationality restrictions on which firms can bid for contracts.

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Institutions

AIIB Procurement Policy

The AIIB's rules governing how borrowers must procure goods, works, and services on bank-financed projects, emphasising open competition, value for money, and eligibility for firms from all countries.

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Institutions

Alternative Procurement Arrangements

World Bank-sanctioned procurement approaches that allow borrowers to use UN agency procedures, other MDB rules, or third-party procurement agents instead of the standard World Bank Procurement Regulations.

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InstitutionsAPR

Annual Procurement Review (APR), EBRD

The EBRD's yearly statistical report on procurement activity across all financed projects, publishing contract volumes, methods, sector breakdowns, and supplier country data that suppliers can use for competitive analysis.

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InstitutionsAPR

Annual Procurement Review (APR), EBRD

The EBRD's yearly statistical report on procurement activity across all financed projects, publishing contract volumes, methods, sector breakdowns, and supplier country data that suppliers can use for competitive analysis.

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InstitutionsAIIB

Asian Infrastructure Investment Bank (AIIB)

A multilateral development bank established in 2016 with 109 members that finances infrastructure across Asia and beyond, with no nationality restrictions on which firms can bid for contracts.

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Institutions

BEO Portal (Bank-Executed Operations)

The IDB's dedicated procurement portal for Bank-Executed Operations, where the bank itself acts as buyer rather than delegating procurement to a national government borrower.

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Institutions

BEO Portal (Bank-Executed Operations)

The IDB's dedicated procurement portal for Bank-Executed Operations, where the bank itself acts as buyer rather than delegating procurement to a national government borrower.

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Institutions

BRICS Development Bank

The informal name for the New Development Bank, the multilateral lender established by Brazil, Russia, India, China, and South Africa in 2015 to finance infrastructure and sustainable development in emerging economies.

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InstitutionsCAF

CAF (Development Bank of Latin America)

A regional development bank owned by 23 member countries in Latin America and the Caribbean, approving a record $18.7 billion in 2025 and financing infrastructure, green projects, and private-sector development across the region.

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InstitutionsCAF

CAF (Development Bank of Latin America)

A regional development bank owned by 23 member countries in Latin America and the Caribbean, approving a record $18.7 billion in 2025 and financing infrastructure, green projects, and private-sector development across the region.

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InstitutionsCMS2

CMS2 (Modernised CMS)

The Asian Development Bank's next-generation Consultant Management System, migrating from the legacy CMS platform to a commercial SaaS e-procurement system to streamline consultant registration and assignment matching across ADB's portfolio.

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InstitutionsCMS2

CMS2 (Modernised CMS)

The Asian Development Bank's next-generation consultant registration and matching platform, rebuilding the original CMS on a commercial SaaS e-procurement system with improved workflow and API potential.

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Institutions

Collusive Practices

One of the five sanctionable practices defined by the World Bank, covering arrangements between bidders to fix prices, share markets, or otherwise undermine genuine competition in Bank-financed procurement.

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Institutions

Conditional Non-Debarment

A World Bank sanction that allows a firm or individual to continue participating in Bank-financed activities subject to conditions, typically used when the entity cooperates fully and implements remedial measures.

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Institutions

ConnectAmericas

An IDB Group online platform connecting suppliers, buyers, and trade partners across Latin America and the Caribbean to facilitate business networking, trade finance, and access to project opportunities.

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InstitutionsCMS

Consultant Management System (CMS)

The Asian Development Bank's dedicated online portal where consulting firms and individual experts register their profiles and receive notifications of consulting assignments across ADB-financed projects.

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Institutions

Core Procurement Principles

The five foundational principles, economy, efficiency, fairness, transparency, and integrity, that underpin the ADB Procurement Policy (2017) and guide all procurement decisions on ADB-financed projects.

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InstitutionsCPS

Country Partnership Strategy (CPS)

The Asian Development Bank's multi-year strategic framework for a specific developing member country, setting the sectors, thematic priorities, and lending targets that drive the project pipeline for that country.

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InstitutionsCPS

Country Partnership Strategy (CPS), ADB

The Asian Development Bank's medium-term strategic plan for each borrowing country, setting sectoral priorities and a lending pipeline that drives which procurement opportunities will emerge over the next three to five years.

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InstitutionsCPAR

Country Procurement Assessment Report (CPAR)

A diagnostic study, typically prepared jointly by ADB and a developing member country government, that assesses the country's public procurement system against international standards and identifies reforms needed to improve efficiency and integrity.

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InstitutionsCPAR

Country Procurement Assessment Report (CPAR), ADB

An ADB diagnostic report that evaluates a borrowing country's national procurement systems, identifying strengths, gaps, and risks that determine how much of a project's procurement ADB will supervise directly.

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Institutions

Country Procurement Risk Assessment

A World Bank diagnostic that evaluates the quality of a country's national procurement laws, institutions, and practices to identify systemic risks and inform how Bank-financed procurement will be supervised.

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Institutions

Country Strategy (EBRD)

A multi-year document the EBRD publishes for each economy of operations, setting the sectors and reform priorities where the bank will concentrate its financing and advisory work.

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Institutions

Country Strategy (EBRD)

The European Bank for Reconstruction and Development's strategic plan for each of its 38 economies of operation, defining the sectors, reform objectives, and investment pipeline that will generate procurement opportunities over the strategy period.

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InstitutionsCSP

Country Strategy Paper (CSP)

The African Development Bank's country-level strategic document that defines priority sectors, financing objectives, and planned projects for a borrowing member country over a multi-year cycle, directly shaping the procurement pipeline.

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InstitutionsCSP

Country Strategy Paper (CSP), AfDB

The African Development Bank's medium-term strategic plan for each member country, setting sector priorities and a lending pipeline that signals where infrastructure and development contracts will be generated over the next five years.

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Institutions

Cross-Debarment Agreement

The 2010 agreement among five major multilateral development banks under which a debarment of two years or more imposed by one bank is automatically enforced by all five, creating a unified global exclusion from MDB-financed procurement.

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Institutions

Debarment with Conditional Release

A World Bank sanction that imposes debarment for a set period but allows early restoration of eligibility if the firm or individual fulfils specified compliance conditions before the term expires.

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Institutions

Delta eSourcing Platform

The underlying software platform that powers the EBRD's ECEPP procurement portal, enabling fully electronic tender management from notice publication through bid submission and contract award.

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InstitutionsDMC

Developing Member Country (DMC)

Any of the Asian Development Bank's member countries classified as developing, which are the borrowers and primary beneficiaries of ADB financing and the locations where ADB-funded procurement opportunities arise.

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InstitutionsE4E

E4E (Engineering for Equality)

The EBRD initiative that channels technical assistance and financing to increase women's participation and leadership in engineering, infrastructure, and construction sectors across its economies of operations.

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InstitutionsE4E

E4E (Engineering for Equality)

The EBRD initiative that channels technical assistance and financing to increase women's participation and leadership in engineering, infrastructure, and construction sectors across its economies of operations.

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InstitutionsECEPP

EBRD Client E-Procurement Portal (ECEPP)

The sole electronic portal where the European Bank for Reconstruction and Development publishes all procurement notices, from initial advertisement through to contract award.

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InstitutionsPP&R

EBRD Procurement Policies and Rules (PP&R)

The European Bank for Reconstruction and Development's governing framework for all procurement on its financed projects, setting the principles, methods, and supervision standards that both clients and bidders must follow.

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InstitutionsPP&R

EBRD Procurement Policies and Rules (PP&R)

The binding document that sets out how the European Bank for Reconstruction and Development requires its clients to conduct procurement on all bank-financed projects, covering methods, eligibility, and oversight.

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InstitutionsECEPP

ECEPP (EBRD Client E-Procurement Portal)

The European Bank for Reconstruction and Development's sole official procurement portal, where all notices for EBRD-financed projects are published and where registered suppliers submit bids electronically end-to-end.

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Institutions

Economies of Operations

The 38 countries in Central and Eastern Europe, Central Asia, and the Southern and Eastern Mediterranean where the EBRD is mandated to invest and where its financed procurement opportunities arise.

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InstitutionsEIB

EIB (European Investment Bank)

The world's largest multilateral development bank by financing volume, owned by the 27 EU member states, funding infrastructure, climate, and development projects inside and outside the European Union.

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Institutions

EIB Global

The external financing arm of the European Investment Bank, delivering loans, guarantees, and blended finance in Africa, the Caribbean, the Pacific, and other developing regions outside the EU.

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Institutions

EIB Guide to Procurement

The EIB's official reference document setting out procurement rules and standards that borrowers must follow when procuring goods, works, and services under EIB-financed projects.

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Institutions

EIB Supplier Portal

The EIB's PeopleSoft-based online platform where vendors register, receive tender invitations, and submit bids for the bank's own corporate procurement of goods and services.

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InstitutionsEIB

European Investment Bank (EIB)

The world's largest multilateral development bank by financing volume, owned by the 27 EU member states, funding infrastructure, climate, and development projects inside and outside the European Union.

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Institutions

Feed Africa

The African Development Bank's agricultural transformation priority, directing financing toward food security, agribusiness value chains, irrigation, storage, and smallholder productivity across the continent.

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Institutions

FIDIC Contract Forms (AfDB Use)

The internationally recognised FIDIC suite of standard contract templates used by the African Development Bank for civil works and plant contracts, providing a consistent legal framework for AfDB-financed infrastructure projects across Africa.

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Institutions

FIDIC Contract Forms (AfDB Use)

The internationally recognised suite of standard construction and engineering contracts published by FIDIC that the African Development Bank mandates for works and plant procurement, defining risk allocation between employer and contractor.

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Institutions

Fit-for-Purpose Approach

The World Bank's 2016 principle that procurement methods, documents, and oversight intensity should be tailored to the specific context, risk, and complexity of each contract rather than applied uniformly.

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Institutions

Fraud and Corruption (World Bank Definition)

The five sanctionable practices defined in World Bank Procurement Regulations: fraudulent, corrupt, collusive, coercive, and obstructive practices, any of which can result in contract cancellation, debarment, and cross-MDB exclusion.

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Institutions

Fraud and Corruption (World Bank Definition)

The five categories of sanctionable misconduct defined by the World Bank, covering corrupt, fraudulent, collusive, coercive, and obstructive practices that can result in debarment from all World Bank-financed activities.

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InstitutionsAE

GCF Accredited Entity (AE)

An organisation formally approved by the GCF Board to access GCF funding, implement projects, and manage procurement on the fund's behalf, ranging from multilateral banks to national development institutions and private-sector entities.

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InstitutionsAE

GCF Accredited Entity (AE)

An organisation formally approved by the GCF Board to access GCF funding, implement projects, and manage procurement on the fund's behalf, ranging from multilateral banks to national development institutions and private-sector entities.

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Institutions

GCF Readiness Programme

A GCF facility providing grants and technical assistance to help developing countries strengthen climate strategies, build institutional capacity, and prepare project proposals to access GCF funding.

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InstitutionsGCF

Green Climate Fund (GCF)

The world's largest dedicated climate fund, channelling finance to developing countries through accredited entities to support both mitigation and adaptation, with $15.9 billion committed across 286 projects in 133 countries.

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InstitutionsHEIS

Hands-On Expanded Implementation Support (HEIS)

A World Bank mechanism that provides intensive, direct procurement and implementation support to borrowers with high-risk profiles or limited capacity, going beyond standard supervision to hands-on assistance.

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Institutions

High 5 Priority Areas (AfDB)

The five strategic development priorities that guide all African Development Bank financing: Light Up and Power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa.

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Institutions

High 5 Priority Areas (AfDB)

The five strategic transformation goals adopted by the African Development Bank to guide its investments: Light Up and Power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa.

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InstitutionsIBRD

IBRD (International Bank for Reconstruction and Development)

The World Bank arm that lends to middle-income and creditworthy lower-income countries, generating tens of billions in project procurement annually across infrastructure, health, education, and public sector reform.

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InstitutionsIBRD

IBRD (International Bank for Reconstruction and Development)

The World Bank's original lending arm that provides loans and guarantees to middle-income and creditworthy low-income countries, financing the large infrastructure and development projects that generate most World Bank procurement.

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InstitutionsIDA

IDA (International Development Association)

The World Bank arm that provides grants and concessional loans to the world's poorest countries, financing large-scale procurement in infrastructure, health, education, and agriculture across more than 70 eligible nations.

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InstitutionsIDA

IDA (International Development Association)

The World Bank's concessional lending arm that provides grants and zero-interest credits to the world's poorest countries, funding development projects that generate substantial procurement opportunities.

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InstitutionsIDB

IDB (Inter-American Development Bank)

The leading multilateral development bank for Latin America and the Caribbean, generating 20,000 to 30,000 contracts per year across 26 borrowing member countries through three separate procurement portals.

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Institutions

IDB Invest

The private-sector arm of the Inter-American Development Bank Group, financing companies and projects directly in Latin America and the Caribbean without requiring a government guarantee.

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InstitutionsIFC

IFC (International Finance Corporation)

The World Bank Group's private-sector arm, investing in companies and projects in developing countries, with FY2025 commitments of $71.7 billion and procurement managed through the private-sector client rather than IFC directly.

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InstitutionsIFC

IFC (International Finance Corporation)

The World Bank Group's private-sector arm that invests directly in companies and projects in developing countries, with procurement managed by private clients rather than by IFC itself.

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Institutions

Industrialise Africa

The African Development Bank priority that finances manufacturing capacity, special economic zones, industrial value chains, and private-sector development to shift African economies from raw commodity export toward higher-value production.

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Institutions

Integrate Africa

The African Development Bank priority that finances regional infrastructure, trade connectivity, cross-border transport corridors, energy interconnectors, and digital links to reduce the fragmentation that limits intra-African commerce.

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InstitutionsINT

Integrity Vice Presidency (INT)

The World Bank Group's independent investigative unit that detects, investigates, and deters fraud, corruption, and other sanctionable practices in World Bank-financed projects and internal operations.

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InstitutionsIDB

Inter-American Development Bank (IDB)

The leading multilateral development bank for Latin America and the Caribbean, generating 20,000 to 30,000 contracts per year across 26 borrowing member countries through three separate procurement portals.

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Institutions

Investment Climate Advisory

Advisory work the EBRD conducts with governments and regulators in its economies of operations to improve the legal, regulatory, and institutional conditions that attract private investment.

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InstitutionsIsDB

IsDB (Islamic Development Bank)

A multilateral development bank serving 57 member countries of the Organisation of Islamic Cooperation, financing development projects using Shariah-compliant instruments and a regional hub system.

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Institutions

IsDB Hub System

The Islamic Development Bank's regional office network, with hubs in eight cities across Africa, the Middle East, and Asia, through which the bank manages project operations and tender publications by geography.

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InstitutionsIsDB

Islamic Development Bank (IsDB)

A multilateral development bank serving 57 member countries of the Organisation of Islamic Cooperation, financing development projects using Shariah-compliant instruments and a regional hub system.

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Institutions

Light Up and Power Africa

The first of the African Development Bank's High 5 strategic priorities, targeting universal energy access across the continent through generation, transmission, distribution, and off-grid solutions financed at scale.

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Institutions

MapAfrica

The African Development Bank's interactive geographic platform that visualises the bank's project portfolio by country and sector, helping suppliers identify procurement hotspots across the continent.

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InstitutionsMIGA

MIGA (Multilateral Investment Guarantee Agency)

The World Bank Group member that provides political risk insurance and credit enhancement to private investors and lenders in developing countries, supporting projects that then generate their own commercial procurement.

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InstitutionsMIGA

MIGA (Multilateral Investment Guarantee Agency)

The World Bank Group member that provides political risk insurance and credit enhancement to private investors and lenders in developing countries, supporting foreign direct investment rather than generating procurement itself.

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InstitutionsNDB

NDB (New Development Bank)

A multilateral development bank founded by the BRICS nations to finance infrastructure and sustainable development in emerging economies, with cumulative approvals of approximately $39 billion across 96 projects.

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InstitutionsNDB

New Development Bank (NDB)

A multilateral development bank founded by the BRICS nations to finance infrastructure and sustainable development in emerging economies, with cumulative approvals of approximately $39 billion across 96 projects.

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InstitutionsNTF

Nigeria Trust Fund (NTF)

A special-purpose trust fund administered by the African Development Bank, established and financed by Nigeria to support development projects across the continent with its own procurement eligibility rules.

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InstitutionsNRMC

Non-Regional Member Country (NRMC)

A country outside Africa that holds membership of the African Development Bank as a donor shareholder, whose firms can bid on ADF-funded contracts but are excluded from ADB-window projects restricted to African nations.

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InstitutionsOAI

Office of Anticorruption and Integrity (OAI)

The independent investigative and compliance unit within the Asian Development Bank that receives integrity complaints, investigates suspected corrupt or fraudulent practices, and recommends sanctions against firms and individuals.

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InstitutionsOFID

OPEC Fund (OFID)

A multilateral development institution funded by OPEC member states that committed a record $3.2 billion in 2025 across public-sector, private-sector, and grant operations, with infrastructure as its largest spending category.

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InstitutionsOCB

Open Competitive Bidding (OCB), ADB

The Asian Development Bank's default method for procuring goods, works, and non-consulting services, replacing the older ICB and NCB distinction with a single open, competitive framework.

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InstitutionsOPM

Operations Procurement Manual (OPM)

The African Development Bank's authoritative rulebook for procurement on bank-financed projects, setting out methods, thresholds, eligibility, and document standards that borrowers and bidders must follow.

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Institutions

Post Review Threshold

The contract-value level below which the World Bank reviews procurement after award rather than before, using sample audits to verify compliance without slowing down smaller purchases.

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Institutions

Prior Review Threshold

The contract-value cutoff above which the World Bank must review and approve each procurement step before the borrower can proceed, acting as a real-time quality gate on high-value contracts.

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Institutions

Procurement Guidance Notes

Official World Bank documents that elaborate how borrowers and task teams should apply the Procurement Regulations to specific topics such as technology, consulting, and emergency procurement.

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Institutions

Procurement Plan (18-Month Rolling)

The mandatory forward-looking schedule that World Bank borrowers publish in STEP, listing every planned contract for the next 18 months with method, threshold, and estimated timing.

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Institutions

Procurement Review Committee

An ADB internal oversight body that reviews and clears significant procurement decisions on ADB-financed projects before they are executed, providing a quality-control check independent of the task team handling the project.

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Institutions

Procurement Risk Rating

The World Bank's formal assessment of the risk level associated with a specific project's procurement environment, which determines oversight intensity including prior review thresholds and supervision frequency.

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InstitutionsRMC

Regional Member Country (RMC)

Any of the 54 African nations that are full members of the African Development Bank, whose firms receive eligibility to bid on ADB-window contracts and whose governments can borrow from all AfDB financing windows.

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Institutions

Sanctions Board (World Bank)

The World Bank's independent appellate body that reviews contested sanctions decisions, with the power to uphold, modify, or overturn debarments imposed by the Evaluation and Suspension Officer on firms and individuals found to have engaged in fraud or corruption.

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Institutions

Sanctions Board (World Bank)

The World Bank Group's independent adjudicatory body that reviews cases of alleged fraud, corruption, collusion, coercion, and obstruction to determine whether firms or individuals should be debarred from World Bank-financed projects.

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Institutions

Shariah-Compliant Financing

Development finance structured to comply with Islamic law by replacing interest-bearing loans with sale, lease, and partnership instruments such as Murabaha, Istisna, and Ijarah.

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InstitutionsSBDs

Standard Bidding Documents (SBDs)

World Bank template documents used by borrowers to solicit competitive bids for goods and works contracts, containing mandatory clauses that protect bidder rights and ensure fair competition.

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InstitutionsSBDs

Standard Bidding Documents (SBDs)

Pre-approved template packages issued by the World Bank that borrowers must use when running competitive tenders, ensuring bidding conditions are fair, complete, and consistent across all financed projects.

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InstitutionsSPDs

Standard Procurement Documents (SPDs)

The World Bank's mandatory template bidding and proposal documents that borrowers must use for contracts above defined thresholds, ensuring consistency and fairness across all financed procurement.

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InstitutionsSPDs

Standard Procurement Documents (SPDs)

The pre-approved, harmonised bidding templates published by development banks and international organisations that standardise how tenders are structured, reducing preparation time for both buyers and suppliers bidding on internationally financed contracts.

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InstitutionsSRFP

Standard Request for Proposals (SRFP)

The World Bank's mandatory template document for selecting consulting firms, containing standardised instructions, evaluation criteria, and contract conditions that borrowers must use for qualifying assignments.

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InstitutionsSRFP

Standard Request for Proposals (SRFP), World Bank

The World Bank's pre-approved template for soliciting consulting proposals, covering technical and financial evaluation rules, contract conditions, and all mandatory submission forms for quality-and-cost-based selection.

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InstitutionsSTEP

STEP (Systematic Tracking of Exchanges in Procurement)

The World Bank's mandatory internal e-procurement platform that manages the full procurement lifecycle for all Investment Project Financing operations, from procurement plans through contract management, accessible only to borrowers and Bank staff.

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Institutions

Strategic Procurement Planning

The ADB-mandated process by which executing agencies analyse the market, assess risks, and select procurement methods for a project before issuing any tenders, resulting in a documented strategy that shapes the entire procurement programme.

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InstitutionsSTEP

Systematic Tracking of Exchanges in Procurement (STEP)

The World Bank's mandatory e-procurement system that tracks the full lifecycle of procurement under Investment Project Financing, from 18-month rolling plans through to contract management.

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Institutions

Technical Assistance Special Fund

The Asian Development Bank's primary grant facility for financing advisory services, capacity building, and project preparation work in developing member countries, typically procured through consulting-firm selection methods.

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InstitutionsTC

Technical Cooperation (TC)

Grants or concessional funding provided by the European Bank for Reconstruction and Development to finance advisory services, feasibility studies, and capacity-building that prepare projects for investment or support institutional reform in transition economies.

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InstitutionsTC

Technical Cooperation (TC)

Grant-funded advisory assignments the EBRD arranges to prepare, support, or strengthen investment projects in its economies of operations, often the first paid entry point for consultants into an EBRD project cycle.

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Institutions

Transition Impact

The EBRD's core investment criterion measuring whether a project will move a recipient economy toward competitive markets, private ownership, and sound institutions in a way that persists after bank financing ends.

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Institutions

Transition State Facility

An African Development Bank financing mechanism that provides enhanced concessional support to fragile and conflict-affected African states, unlocking procurement opportunities in some of the continent's most challenging operating environments.

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Institutions

UNGM Registration Levels

The three-tier registration system on the UN Global Marketplace that determines which tender values a supplier can access and respond to across the UN system.

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InstitutionsUNGM

United Nations Global Marketplace (UNGM)

The shared procurement portal where suppliers register once to do business with dozens of UN agencies and view their tender and award notices in one place.

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InstitutionsVfM

Value for Money (VfM)

The core procurement principle requiring that public funds achieve the best possible outcome when weighed across quality, cost, fitness for purpose, and risk, not simply the lowest quoted price.

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InstitutionsVfM

Value for Money (VfM)

The World Bank's overarching procurement objective, requiring that each contract achieve the best possible outcome relative to cost by balancing quality, timeliness, and risk rather than simply selecting the lowest price.

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Institutions

Voluntary Disclosure Program

A World Bank mechanism that allows firms and individuals to self-report past sanctionable conduct in exchange for a negotiated outcome that avoids public debarment, conditioned on full cooperation and compliance reform.

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Institutions

World Bank Inspection Panel

The independent accountability mechanism that allows communities and individuals affected by World Bank-financed projects to file complaints alleging that the Bank failed to follow its own policies and procedures.

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Institutions

World Bank Procurement Framework (2016)

The policy overhaul adopted by the World Bank in 2016 that introduced a fit-for-purpose, value-for-money approach to procurement, replacing rigid procedural rules with outcome-focused principles.

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Institutions

World Bank Procurement Regulations for IPF Borrowers

The binding rulebook that governs all procurement under World Bank Investment Project Financing, setting out eligible methods, documentation requirements, and oversight obligations for borrowing countries.

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