The country currently lacks a formal legislative basis for procurement. All government procurement are being carried out in accordance with Cabinet approved guidelines.

The Procurement Guidelines 2006, sets out various procurement methods, bidding procedures, and rules for awarding contracts.

The proposed new law is aimed at enhancing the effectiveness, efficiency and transparency in the public procurement system making it more accountable, streamlined and cost effective, an official of the department said.

This will be a fulfillment of International Monetary Fund conditions under its public reforms and management of public resources.