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The Heads of Procurement (HoP) of the Multilateral Development Banks (MDBs) met in Islamic Development Bank (IsDB) Headquarters in Jeddah, Saudi Arabia, November 10-13, 2013 to deliberate on selected topics relating to procurement activities of the MDBs. The Heads of Procurement from the African Development Bank, Asian Development Bank, Black Sea Trade Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, and the World Bank attended the meeting along with their delegations. The meeting was chaired by Sami Faruqi, Head of Procurement of the host organization, IsDB.
The HoP holds its meeting every nine to 10 months and, since its inception, has made significant progress to achieve its objectives to implement the global developmental agenda effectively. In this regard, the HoP strives to align the MDBs procurement policies and procedures through harmonizing their own policies as well as the policies of borrowing countries.
The first day of Jeddah meeting was devoted to several parallel seminars of working groups for detailed discussion on the following subjects:
The meeting was formally opened by Birama Boubacar Sidibe, the Vice-President, Operations, of the Islamic Development Bank. In his welcome remarks, he emphasized that both MDBs and their beneficiary countries require a procurement system that will be efficient, resulting in lower transaction costs and enhancing the development effectiveness of investments, while maintaining sound fiduciary oversight over expenditures.
The main areas discussed were among the Heads of Procurement were:
In addition, the working groups presented progress on their tasks and the way forward. The HoP also discussed the subject of renewing the licensing of the International Federation of Consulting Engineers (FIDIC) and other alternatives. The meeting adjourned with a vote of thanks and appreciation to the Islamic Development Bank for making excellent arrangements for the meeting and offering extraordinary hospitality to the participants.
The next meeting of the HoP will be held in Paris during the period June 2-4, 2014 and will be hosted by the Council of Europe Development Bank.