VICTORIA, Seychelles, The Central Bank of Seychelles (CBS) has published its reviewed Procurement Policy, in line with its core values of accountability, transparency and inclusivity. The Procurement Policy 2024 was approved by the CBS Board at its meeting held on March 11, 2024. The revisions made were informed by experience from the application of the previous Procurement Policy 2023 and reflect improvements identified through an ongoing review process.
The newly revised policy also aims to improve the efficiency of the procurement process by bringing more clarity, enhancing internal controls and optimising the allocation of resources. The CBS noted that the revisions reflect lessons learned over the past year and incorporate best practices that have emerged in the region. The policy is expected to provide a clearer framework for both staff and suppliers.
CBS has also released its abridged Procurement Plan for 2024, which lists open tender procurements for various projects planned for this year, for which CBS anticipates seeking external expertise. The plan covers a wide range of activities, from information technology upgrades to consultancy services for regulatory projects. Each entry in the plan sets out the scope of the work and the expected timeline for the procurement process.
It is to be noted that open bidding or selection remains the preferred procurement approach for CBS. The Bank has emphasised its commitment to ensuring that all procurement activities are conducted in a fair and transparent manner. Suppliers and service providers are encouraged to monitor the CBS procurement portal for upcoming opportunities and to ensure that their registrations are kept up to date.
The abridged CBS Procurement Policy 2024 is accessible on the CBS website at the following link: https://www.cbs.sc/Procurement/ProcurementPolicy.html. A copy of the abridged Procurement Plan for 2024 can also be found on the CBS website: https://www.cbs.sc/Procurement/ProcurementPlan.html. The Bank has urged all interested parties to review the documents and to direct any questions to the procurement unit through the official channels.
