By World Bank
The Consulting providers handbook explains international financial institution coverage guidance for the Employment and Use of experts by way of financial institution debtors, and describes the right kind use of the realm financial institution regular Request for Proposals together with the normal Contracts. The handbook additionally presents finished recommendation to financial institution debtors, specialists and financial institution employees at the program of sound practices and proper strategies while facing specialists, in step with concerns of caliber, potency and economic system, reasonable pageant, transparency, and participation of nationwide experts in financial institution funded consulting companies assignments.
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Extra info for Consulting Services Manual: A Comprehensive Guide to the Selection of Consultants
Although COI is an easily understood concept, to identify and prevent it or address its consequences (that is, the potential or actual prejudice to the Borrower’s interests) requires in practice the exercise of common sense, sound judgment, and expertise. Conflicts of interest must be avoided because they affect the consultants’ impartiality and spoil the quality of their advice. 9 of the Consultant Guidelines requires consultants to provide “professional, objective, and impartial advice and at all times hold the Client’s interests paramount, without any consideration for future work, and that in providing advice they avoid conflicts with other assignments and their own corporate interests.
4 Advance Contracting with Retroactive Financing amount and incurred within 12 months before the expected date of loan signature are eligible for retroactive financing. 3 Grants and Trust Funds Borrowers sometimes prefer grants rather than loans to finance consulting services. The Bank has grant facilities of its own, such as Institutional Development Funds, and acts as a trustee to a large number of donors under its Trust Fund Program. When beneficiaries use such facilities, the Bank requires adherence to the provisions of the Consultant Guidelines, unless the Trust Fund Agreement varies from these provisions, in which case the Trust Fund Agreement prevails.
In particular, Bank staff should • • • • advise clients on how best to form a short list of consultants, and thoroughly review said short list and the RFP before providing the Bank “no objection”; thoroughly review all selection decisions and contracts for award before providing the Bank’s “no objection”; adequately assess those contracts requiring post review; examine all requests for contract extension; Role of Professional Associations in Fighting Corruption • • • • deny unjustified waivers of the Bank’s procurement rules and procedures; review all contract amendments proposed by the Borrower that are above the established threshold; make adequate arrangements for project supervision, especially when Borrower institutions are weak; and report to the appointed Bank body all allegations of fraud and corruption.