The Inter-American Development Bank (IDB) has formulated an ambitious Expansion of Procurement Policies in order to facilitate the implementation of the Bank’s Institutional Strategy, which was recently updated.

The Strategy reaffirms the commitment to promote initiatives that address the main challenges of Latin America and the Caribbean, such as the adoption of information and innovation technologies, and attention to cross-cutting issues such as gender diversity and equality, climate change and environmental sustainability, institutional capacity and resource mobilization.

Other aspects in which the Expansion of Procurement Policies seeks to contribute to the implementation of the updated Institutional Strategy of the IDB are the incorporation of strategic aspects such as the modernization and expansion of purchasing notions and including agile acquisition methods that are adaptable to the new economic needs of the region.

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