Public Procurement as a Tool for Inclusive Development
Government procurement represents an unparalleled opportunity to foster inclusive growth and economic resilience. By directing public spending toward Micro, Small, and Medium Enterprises (MSMEs), governments can stimulate employment, reduce poverty, and drive innovation.
However, MSMEs often face systemic barriers in accessing these opportunities, including financial constraints, limited access to information, and compliance challenges. Digital technologies like E-Government Procurement (e-GP) systems and E-Government Marketplaces (e-GMs) can play a pivotal role in creating more equitable procurement systems. These systems can also be integrated to enable support from private sector collaborators, financial institutions, and Small Business Development Agencies (SBDAs) to create a comprehensive ecosystem that ensures MSMEs success…Read More….Public Procurement as a Tool for Inclusive Development