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Procurement Principles and Rules - BSTDB

Procurement Principles & Rules Page 1 of 28 Procurement Principles and Rules Procurement Principles and Rules for operations financed by the Black Sea Trade and Development Bank ( BSTDB ) 1 INTRODUCTION 3 2 Principles AND CONSIDERATIONS 4 APPLICABILITY IN CO-FINANCED OPERATIONS 4 ELIGIBILITY 4 CLIENT RESPONSIBILITIES 5 FRAUD AND CORRUPTION

(WTO/GPA) establishes a framework of rights and obligations with respect to laws, regulations, procedures and practices regarding public procurement. The aim of the WTO/GPA is to achieve greater liberalisation and expansion of world trade by establishing transparent, fair and open procurement practices.

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