Malawi could save up to K169.4 billion per year through efficient public procurement, the World Bank has said.
Speaking at the opening of the Malawi Institute of Procurement and Supply (Mips) Annual Conference in Mangochi on Wednesday, World Bank Country Manager Firas Raad said smarter and transparent procurement could free up much-needed resources for public services.
He said applying a conservative 10 percent efficient gain to Malawi’s procurement volume–estimated at 11 percent of gross domestic product (GDP)–can generate savings of around 1.1 percent of GDP.
To read more, click https://times.mw/etimes/
