02/18/2021 | Press release | Distributed by Public on 02/18/2021 13:25
Please join us on March 11 for a roundtable discussion on gender and public procurement. Leading experts will discuss good practices and lessons learned as well as innovative initiatives to mainstream gender in public procurement.
Small and Medium Enterprises (SMEs) and women-led SMEs (WLSMEs) play critical roles in economic growth and development. However, the share of public procurement contracts that are won by SMEs, especially WLSMEs, remain low. Only 1% of the $11 trillion spent annually on public procurement is awarded to women-owned businesses.
WLSMEs face administrative, financial and procedural challenges in accessing and participating in public procurement markets, due to the complexity and costliness of procurement processes.
Several countries are implementing policies specifically geared towards lowering barriers to entry for WLSMEs, as evidenced by the initiatives in Kenya, Senegal, and Scotland as well as initiatives taken by the World Bank's own Corporate Procurement.
The event will be livestreamed here and we encourage you to comment and ask questions through this page. For more information about the event and the World Bank's work on public procurement, check out: Gender and Equality in Public Procurement & Procurement for Development.