OREANDA-NEWS. The World Bank has completed the evaluation of the functioning of ProZorro electronic public procurement system in Ukraine. The target of this mission was to examine whether ProZorro meets the requirements of the Multilateral Development Bank (MDB) for conducting electronic public procurement using electronic reverse auctions.

It should be noted that reverse auctions are real-time online bidding events between a purchasing institution and prequalified suppliers for a range of products and services. Purchases through ProZorro platform are carried out on this principle. Specialists of the World Bank gave a positive assesment regarding the use of ProZorro according to procurement methods in free trade and national competitive biddings as stipulated in the «Guidelines Procurement under the International Bank for Reconstruction and Development loans and the International Development Association credits»

The results of this assessment are the basis for decisions, which will be made by the World Bank regarding the functioning of procurement system. Evaluation findings confirmed that the World Bank can use ProZorro platform to procure goods and services in Ukraine.