Officials from the Public Procurement Service (PPS) and the Inter-American Development Bank attend a meeting to sign a renewed memorandum of understanding aimed at deepening cooperation in public procurement across Latin America and the Caribbean at the PPS' Seoul regional office, Wednesday. Courtesy of PPS
Korea’s Public Procurement Service (PPS) and the Inter-American Development Bank (IDB) have renewed a memorandum of understanding (MOU) aimed at deepening cooperation in public procurement across Latin America and the Caribbean, the agency said Wednesday.
The MOU, signed by PPS Vice Administrator Kang Sung-min and André Soares, chief of the office of the presidency at the IDB at the PPS’ Seoul regional office, seeks to expand the sharing of Korea’s digital procurement expertise while supporting reform efforts across the region.
The renewed partnership builds on the first phase of cooperation between the two sides, which began in 2023. Under the initial agreement, the PPS and the IDB supported e-procurement development and institutional capacity-building efforts in countries including Honduras, El Salvador and Panama.
The two organizations also jointly hosted the International Public Procurement Workshop twice, bringing together 39 senior officials from 14 Latin American and Caribbean nations to exchange insights on global procurement trends and policies supporting small and medium-sized suppliers.
