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European Union: Response to Financial Crisis in Greece

(May 19, 2010) On May 9, 2010, the Economic and Financial Affairs Council (ECOFIN) of the European Union, in response to the grave financial crisis that is currently unfolding in Greece and in an effort to preserve and restore financial stability in the euro zone, convened an extraordinary meeting in Brussels, at which it endorsed […]

China: Public Opinion Solicited for Draft Implementing Regulations of Government Procurement Law

(Mar. 2, 2010) On January 11, 2010, China's State Council published the draft Implementation Regulations of the Government Procurement Law (Draft Regulations) on its website, in order to solicit public opinion on its provisions. The 116-article regulations will clarify the general provisions of the 88-article Government Procurement Law (the Law) and provide detailed measures for […]

China: New Procurement Rules for Innovative Products

(Jan. 12, 2010) On October 30, 2009, the Ministry of Science and Technology (MOST), the Ministry of Finance (MOF), and the National Development and Reform Commission (NDRC) of the People's Republic of China (PRC) issued a joint circular, with detailed procedures appended, that affects government procurement of certain high technology products. However, the notice reportedly […]

Egypt: Law on Public-Private Partnership to Develop Infrastructure Being Discussed

(Jan. 4, 2010) On November 14, 2009, Egypt's Council of Ministers discussed new legislation on creating a long-term partnership agreement between the private sector and the Egyptian government. The proposed law would enable private corporations to play a larger role in developing the public infrastructure projects that in the past have been built exclusively by […]

Nigeria: New Agency to Monitor How Federal Government Spends Tax Payers Money

(Oct. 16, 2009) It was reported on October 16, 2009, that the Nigerian House of Representatives is working on a bill for an “Act for the Creation of the National Office of Government Performance and Accountability of 2009,” which if passed will create a congressional watchdog to make the federal government more accountable and efficient. […]

Vietnam: Government Inspection of Stimulus-Related Construction Projects

(Aug. 5, 2009) It was reported on July 14, 2009, that the Government of the Socialist Republic of Vietnam was to begin a comprehensive inspection of all basic construction projects receiving assistance from the country's fiscal stimulus package, in order to determine whether they are up to standard. Seven delegations of the Ministry of Planning […]

Taiwan; World Trade Organization: Accession to Global Government Procurement Agreement

(July 2, 2009) Taiwan acceded to the World Trade Organization's Government Procurement Agreement (GPA) on June 8, 2009, which will make it the 41st party to the treaty once formal accession enters in force 30 days thereafter, on or about July 9. The GPA, which is administered by a Committee on Government Procurement, “was negotiated […]

China: Government Denies “Buy China” Is in Stimulus Package

(July 1, 2009) On June 26, 2009, a joint statement made by the spokesmen of the Ministry of Commerce (MOFCOM) and of the National Development and Reform Committee (NDRC) was published by the official government news agency, Xinhua. The statement denied that China has imposed a “Buy China” order as part of its stimulus package […]

China: Order to “Buy China” in Government-Invested Projects

(June 25, 2009) China's key economic planner, the National Development and Reform Committee, issued a notice on May 26, 2009, on tightening government supervision of tenders and bids in connection with government-invested projects (FGFG [2009] No. 1362). The notice was jointly issued with eight other central government departments, including the Ministry of Industry and Information […]

Tanzania: Government to Bail Out Distressed Companies

(June 16, 2009) It was reported on June 11, 2009, that Tanzania is gearing up to bail out companies hard hit by the global financial slowdown. In a speech to lawmakers and elders, Tanzanian President Jakaya Kikwete stated that the Tanzanian government has already allocated TZS1.7 trillion (about US$1.3 billion) in the budget to compensate […]