Procurement under AfDB financed Projects is governed by its Procurement Policy, as articulated in two principal policy documents. These were thoroughly revised recently and approved by the Boards of Directors of the Bank Group in May 2008. These are applicable for all procurement activity commenced after November 2008.
For procurement started before November 2008, the applicable documents are:
The revised documents are very similar to the policy documents being used by the other Multilateral Development Banks (MDBs), particularly the World Bank and are a step towards greater harmonization between the MDBs. This will ensure ease of application at the project level as the procurement staff of the projects will not have to familiarize themselves to different sets of policy documents depending on whether the funding is from the World Bank or the African Development Bank.
The revision to the documents bring significantly increased flexibility and ease in procurement with reduced bidding periods (in most cases), online advertisement and greater disclosure requirements resulting into increased transparency.