{"id":37398,"date":"2024-11-28T23:20:40","date_gmt":"2024-11-29T04:20:40","guid":{"rendered":"https:\/\/projectcalls.com\/dev?p=37398"},"modified":"2024-11-28T16:26:54","modified_gmt":"2024-11-28T21:26:54","slug":"caribbean-development-bank-and-international-fund-for-agricultural-development-sign-procurement-framework-agreement-to-boost-efficiency-in-co-financed-projects","status":"publish","type":"post","link":"https:\/\/projectcalls.com\/dev\/caribbean-development-bank-and-international-fund-for-agricultural-development-sign-procurement-framework-agreement-to-boost-efficiency-in-co-financed-projects\/","title":{"rendered":"Caribbean Development Bank and International Fund for Agricultural Development Sign Procurement Framework Agreement to Boost Efficiency in Co-Financed Projects"},"content":{"rendered":"<p>Caribbean<\/p>\n<p class=\"text-align-justify\">The\u00a0<a href=\"https:\/\/www.caribank.org\/\" target=\"_blank\" rel=\"noopener\">Caribbean Development Bank<\/a>\u00a0(CDB, the Bank) and the\u00a0<a href=\"https:\/\/www.ifad.org\/en\/\" target=\"_blank\" rel=\"noopener\">International Fund for Agricultural Development<\/a>\u00a0(IFAD) have signed a landmark Agreement to enhance the effectiveness of project procurement processes. This Agreement, which applies to joint co-financed projects, is designed to simplify procurement procedures, reduce transaction costs, and improve project planning and execution across the Caribbean.<\/p>\n<p class=\"text-align-justify\">The Procurement Framework Agreement builds on the longstanding partnership between CDB and IFAD. It establishes a collaborative structure where both institutions will mutually rely on each other\u2019s procurement policies in jointly funded projects. This innovative approach addresses the complexities arising from varying procurement frameworks of international institutions, which often result in inefficiencies during project implementation. By recognising that the two organisations share core procurement principles of economy, efficiency, transparency, fairness, and accountability, the Agreement allows for mutual reliance on their respective project procurement frameworks and establishes effective mechanisms for cooperation. This is expected to greatly facilitate a better division of labour between the two partners, along with more consistent and timely project procurement implementation.<\/p>\n<p class=\"text-align-justify\">Speaking at the ceremonial signing,\u00a0<strong>Therese Turner-Jones, CDB\u2019s Acting Vice President, Operations,<\/strong>\u00a0remarked,\u00a0<em>\u201cThis agreement is an important step in enhancing the efficiency and effectiveness of how we implement co-financed projects. By enabling the adoption of streamlined procurement arrangements in joint co-financed projects, we are reducing the burden on beneficiaries, enabling faster project execution, and ultimately delivering better development outcomes for the Caribbean region.\u201d<\/em><\/p>\n<p class=\"text-align-justify\"><strong>Donal Brown, Associate Vice-President of IFAD\u2019s Programme Management Department,<\/strong>\u00a0stated,\u00a0<em>\u201cThe mutual reliance established by this agreement is a testament to the strong partnership between IFAD and CDB. Our collaboration will not only streamline processes but also ensure that agricultural and rural development projects in the Caribbean are implemented with the highest standards of efficiency and accountability.\u201d<\/em><\/p>\n<p class=\"text-align-justify\">The new Procurement Framework Agreement will significantly promote future collaboration between the two institutions and enhance their ability to co-finance development projects in the agriculture and rural development sectors. This partnership is poised to bring about greater coherence, development impact, and improved service delivery across the Caribbean. Caribbean.<\/p>\n<p>\u00a0<\/p>\n<p><a href=\"https:\/\/www.caribank.org\/newsroom\/news-and-events\/caribbean-development-bank-and-international-fund-agricultural-development-sign-procurement\" target=\"_blank\" rel=\"noopener\">more<\/a><\/p>\n<p>\u00a0<\/p>\n<p><em>Image: Plantation-Agriculture-rows<\/em><\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caribbean The\u00a0Caribbean Development Bank\u00a0(CDB, the Bank) and the\u00a0International Fund for Agricultural Development\u00a0(IFAD) have signed a landmark Agreement to enhance the effectiveness of project procurement processes. This Agreement, which applies to&#8230;<\/p>\n","protected":false},"author":1091,"featured_media":4983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[250],"tags":[215,311,121,182],"class_list":["post-37398","post","type-post","status-publish","format-standard","has-post-thumbnail","category-articles","tag-agriculture","tag-agriculture-fisheries","tag-caribbean","tag-caribbean-development-bank"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Plantation-Agriculture-rows-KIMDAEJEUNG-Pixabay.jpg?fit=1024%2C685&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6u9Qa-9Jc","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":35017,"url":"https:\/\/projectcalls.com\/dev\/idb-group-ifad-collaborate-to-assist-latin-america-caribbean\/","url_meta":{"origin":37398,"position":0},"title":"IDB Group, IFAD collaborate to assist Latin America, Caribbean","author":"Mayra Bonilla Lopez","date":"July 4, 2024","format":false,"excerpt":"Caribbean IDB Group, IFAD collaborate to assist Latin America, Caribbean The Inter-American Development Bank Group (IDB Group) and the International Fund for Agricultural Development (IFAD) receny signed a memorandum of understanding to better support rural and indigenous people in Latin America and the Caribbean, especially in the Amazon region, by\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2024\/07\/pexels-timur-weber-9532305-scaled-e1720051901984.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2024\/07\/pexels-timur-weber-9532305-scaled-e1720051901984.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2024\/07\/pexels-timur-weber-9532305-scaled-e1720051901984.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2024\/07\/pexels-timur-weber-9532305-scaled-e1720051901984.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":25272,"url":"https:\/\/projectcalls.com\/dev\/cdb-idb-world-bank-endorse-jamaicas-procurement-system\/","url_meta":{"origin":37398,"position":1},"title":"CDB, IDB, World Bank Endorse Jamaica\u2019s Procurement System","author":"Mayra Bonilla Lopez","date":"November 24, 2022","format":false,"excerpt":"Jamaica Three International Financial Institutions (IFIs) have endorsed the Government of Jamaica\u2019s new electronic procurement system. Electronic procurement or e-procurement is the process of requesting, ordering and purchasing goods and services digitally utilising a system accessible by registered users. The innovation - which was implemented to support the process of\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/10\/pexels-soumil-kumar-735911-scaled-e1666942765270.jpg?fit=1025%2C684&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/10\/pexels-soumil-kumar-735911-scaled-e1666942765270.jpg?fit=1025%2C684&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/10\/pexels-soumil-kumar-735911-scaled-e1666942765270.jpg?fit=1025%2C684&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/10\/pexels-soumil-kumar-735911-scaled-e1666942765270.jpg?fit=1025%2C684&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":38107,"url":"https:\/\/projectcalls.com\/dev\/cdb-oecs-world-bank-working-to-increase-procurement-opportunities-for-caribbean-businesses\/","url_meta":{"origin":37398,"position":2},"title":"CDB, OECS, World Bank Working to Increase Procurement Opportunities for Caribbean Businesses","author":"Mayra Bonilla Lopez","date":"January 23, 2025","format":false,"excerpt":"Caribbean The Caribbean Development Bank (CDB, the Bank) in partnership with the Organisation of Eastern Caribbean States Commission (OECS) and the World Bank hosted a two-day event for regional businesses to take full advantage of procurement opportunities offered by their projects. The initiative, called the CDB, OECS, WB Procurement Fair,\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2025\/01\/pexels-pixabay-209224-scaled-e1741618986451.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2025\/01\/pexels-pixabay-209224-scaled-e1741618986451.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2025\/01\/pexels-pixabay-209224-scaled-e1741618986451.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2025\/01\/pexels-pixabay-209224-scaled-e1741618986451.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":4883,"url":"https:\/\/projectcalls.com\/dev\/cdema-to-improve-disaster-response-with-new-procurement-procedures\/","url_meta":{"origin":37398,"position":3},"title":"CDEMA to improve disaster response with new procurement procedures","author":"Michele Marius","date":"March 16, 2018","format":false,"excerpt":"The Caribbean Disaster Emergency Management Agency (CDEMA), with support from the Caribbean Development Bank (CDB), has developed, and will implement new procurement and contract management procedures to facilitate a more streamlined and efficient use of their resource pool, including disaster management funds. After conducting a routine assessment of its operations,\u2026","rel":"","context":"In &quot;News\/Developments&quot;","block_context":{"text":"News\/Developments","link":"https:\/\/projectcalls.com\/dev\/category\/newsdevelopments\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Roseau-Dominica-after-Hurricane-Maria-2017-DFID-flickr.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Roseau-Dominica-after-Hurricane-Maria-2017-DFID-flickr.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Roseau-Dominica-after-Hurricane-Maria-2017-DFID-flickr.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Roseau-Dominica-after-Hurricane-Maria-2017-DFID-flickr.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":22205,"url":"https:\/\/projectcalls.com\/dev\/new-agreement-to-accelerate-financing-for-climate-projects-in-the-caribbean\/","url_meta":{"origin":37398,"position":4},"title":"New agreement to accelerate financing for climate projects in the Caribbean","author":"Mayra Bonilla Lopez","date":"May 19, 2022","format":false,"excerpt":"Jamaica \u00a0The European Investment Bank (EIB) and the Inter-American Development Bank (IDB) have signed a new agreement enabling them to better support climate resilient projects throughout Latin America and the Caribbean. They said the Mutual Reliance Agreement will improve project implementation and monitoring, empowering the EIB and the IDB to\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/05\/pexels-marta-ortigosa-3480494-scaled-e1652989694340.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/05\/pexels-marta-ortigosa-3480494-scaled-e1652989694340.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/05\/pexels-marta-ortigosa-3480494-scaled-e1652989694340.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/05\/pexels-marta-ortigosa-3480494-scaled-e1652989694340.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/37398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/users\/1091"}],"replies":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/comments?post=37398"}],"version-history":[{"count":3,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/37398\/revisions"}],"predecessor-version":[{"id":37423,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/37398\/revisions\/37423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/media\/4983"}],"wp:attachment":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/media?parent=37398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/categories?post=37398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/tags?post=37398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}