Paraguay, March 16 -- The Inter-American Development Bank (IDB) launched Procure+, a comprehensive reform of procurement across IDB-financed operations designed to strengthen competition, improve spending, and add value to project performance, reinforcing transparency in development spending. The initiative covers about $4.5 billion in IDB-financed procurement each year across infrastructure, energy, health, digital transformation, and other sectors in Latin America and the Caribbean. Procure+ strengthens how procurement works across the full project cycle. It promotes value for money, fosters stronger competition, and eventually leads to higher quality standards and better allocation of resources, while introducing new safeguards on confli...