Electronic procurement ensures more bids can be submitted and means governments lose less money through corruption and waste
Corruption is an enormous, global challenge, likely costing more than $1-trillion annually, or $120 for every person in the world. World leaders have long promised to clamp down on corruption, but unfortunately we’re getting nowhere. Now, new research identifies a surprisingly straightforward, cheap way to reduce corruption that can also make countries hundreds of millions or even billions of dollars.
Reducing corruption isn’t the only global promise we’re missing. In fact, it is just one of hundreds of grand SDG promises for 2030, and we’re failing at nearly all of them. On current trends we will reach the development promises half a century late. We need to do better, and now is the right time to start this conversation: 2023 is the halftime point for the SDG promises, but we are truly nowhere near halfway achieving them.
In the countries where the poorer half of the world’s population lives, procurement makes up an astounding half of all government expenditure. There are many benefits. A well-designed e-procurement system allows for proactive monitoring and the identification of corruption, and means concerns can be automatically flagged for action. And e-procurement increases the number of bidders: in India’s Karnataka state the number of suppliers increased from 130 to 4,800 in the first three years. And governments can spend less on advertising for bids when they have an easily accessible system.
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