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Plain-language definitions of every MDB Fundamentals term that shows up in government tender work.
Procurement carried out by the MDB itself using its own staff and budget, rather than by the borrowing country, typically covering the bank's internal consulting and technical assistance needs.
Read definitionThe strategic combination of concessional public or philanthropic funds with commercial finance to make development projects financially viable and attract private capital to markets it would not otherwise enter.
Read definitionA member country that receives loans or grants from an MDB to finance development projects and is responsible for repaying the loan and ensuring procurement under the project follows MDB rules.
Read definitionAn arrangement in which two or more financiers, such as MDBs, bilateral donors, or private lenders, jointly fund a single development project, each contributing a defined share of the total cost.
Read definitionA loan provided to a developing country government on below-market terms, including low interest rates and long repayment periods, used by MDBs to finance projects in lower-income countries.
Read definitionA multi-year strategic document that defines an MDB's development priorities, planned lending, and operational engagement with a specific borrowing country for a three-to-five-year period.
Read definitionA diagnostic review conducted by an MDB to evaluate a borrowing country's national procurement systems, laws, and institutional capacity before and during project financing.
Read definitionA World Bank lending instrument that provides direct budget support to governments in exchange for policy and institutional reforms, rather than financing a discrete project with its own procurement tenders.
Read definitionA development project financed by one or more external donors, such as MDBs, bilateral aid agencies, or foundations, whose procurement rules govern how contracts are tendered and awarded.
Read definitionThe government body or institution with overall accountability for an MDB-financed project's results, which may delegate day-to-day procurement to one or more implementing agencies.
Read definitionNon-repayable funds provided by an MDB or donor government to a developing country for a specific project, generating procurement opportunities that follow the grantor's procurement rules.
Read definitionA structured evaluation document prepared jointly by the World Bank and the borrowing country at project close, assessing whether the project achieved its objectives and what lessons should inform future operations.
Read definitionThe government ministry, department, or entity in a borrowing country that is responsible for running procurement and delivering project outputs under an MDB-financed project.
Read definitionThe World Bank's main lending instrument that finances discrete projects such as roads, schools, and power plants, and which triggers the formal procurement rules that govern nearly all World Bank tenders.
Read definitionA country that has joined an MDB by subscribing to its capital and accepting its Articles of Agreement, gaining the right to borrow, vote on bank decisions, and have its nationals participate in financed procurement.
Read definitionAn international financial institution jointly owned by member governments that lends to developing countries to fund infrastructure, social programmes, and economic development projects.
Read definitionA member country that contributes capital to an MDB and participates in its governance but does not borrow from it, typically a higher-income country whose nationals remain eligible to compete for MDB-financed contracts.
Read definitionConcessional grants and loans from governments and multilateral institutions to developing countries, intended to promote economic development, a large share of which flows through MDB projects that generate procurement opportunities.
Read definitionA financing arrangement in which two or more donors or MDBs each independently fund separate, defined components of a single programme, applying their own procurement rules to their respective components.
Read definitionAn MDB oversight mechanism in which the bank examines completed procurement processes after contract award to verify compliance, rather than approving each step in advance as in prior review.
Read definitionThe formal process through which a bidder can challenge a procurement decision on an MDB-financed project, triggering a review by the implementing agency and potentially by the MDB itself.
Read definitionThe structured methodology MDBs use to assess the risk of procurement failure on a project, determining how much oversight the bank will apply and which contracts require prior review.
Read definitionThe World Bank's primary project design document, approved by its board before a loan or grant is authorised, setting out project scope, cost, procurement arrangements, and risk assessment.
Read definitionA dedicated team established within a borrowing country's implementing agency to handle the day-to-day procurement, financial management, and reporting requirements of a specific MDB-financed project.
Read definitionA coordination and management team established for an MDB-financed project that typically spans strategic oversight, procurement, financial management, and stakeholder coordination across all project components.
Read definitionAdvisory, training, and capacity-building services funded by MDBs or donors to help borrowing countries design projects, strengthen institutions, and build the skills needed to implement development programmes effectively.
Read definitionA pooled financing mechanism administered by an MDB on behalf of one or more donor governments, used to fund technical assistance, grants, and specialised project components outside the bank's core lending programme.
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