Development Business, also known as "United Nations Development Business", "UN Development Business", "UNDB" or "DB" is an online and print publication issued by the United Nations Department of Public Information . It is the official source of international procurement information and contains current tender announcements, contract awards and operational summaries from all major international development banks, national governments and the United Nations System.
Origins and Development
The United Nations Department of Public Information launched Development Business in 1978 with the support of the World Bank, African Development Bank, Asian Development Bank, Caribbean Development Bank and Inter-American Development Bank. Development Business was initially a part of its parent publication called Development Forum, which was a platform for governments and other entities to express ideas on issues and challenges in the international economic environment.
Based on an agreement between the United Nations and the World Bank in 1981, Development Business became the official source for World Bank Procurement Notices, Contract Awards, and Project Approvals. In 1998, the agreement was re-negotiated, and included in this agreement was a joint venture to create an electronic version of the publication via the World Wide Web. Today, Development Business is the primary publication for all major multilateral development banks, United Nations agencies, and several national governments, many of whom have made the publication of their tenders and contracts in Development Business a mandatory requirement.
Development Business receives its procurement information for publishing from governments, the UN system and development banks. Among its long-standing partners are:
- The World Bank
- United Nations Procurement Division
- United Nations Development Programme
- Asian Development Bank
- Caribbean Development Bank
- European Bank for Reconstruction and Development
- Inter-American Development Bank
- International Finance Corporation
- International Fund for Agricultural Development
- Islamic Development Bank
- Millennium Challenge Corporation
- North American Development Bank
- West African Development Bank
Development Business follows a subscription-based model. Subscription options are made up of combinations of services including unlimited online access to projects and tender information, a print version, and monthly operational summaries issued by development banks. Online access includes a fully searchable database of:
- Tender notices
- Contract awards
- Development bank operational summaries
Development Business actively distributes its print publication to the UN Member States, especially to its partners in developing countries and least developed countries, where most projects are being implemented. In order to make its information on tenders and business opportunities available to a large pool of qualified suppliers, it has partnered with the United Nations Development Programme, UN Information centers, UN Member States and their respective Missions and several Chambers of Commerce.
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development — de‧vel‧op‧ment [dɪˈveləpmənt] noun 1. [uncountable] the growth or improvement of something, so that it becomes bigger or more advanced: • promises of economic development and thousands of new jobs • development of the hand held dictionary market… … Financial and business terms
business development center — ➔ centre * * * business development center UK US noun [C] US (UK business advice centre) ► a place where advice and training in running a small business is available: »An economic impact study was conducted by the University of Nevada s Small… … Financial and business terms
development grant — ➔ grant1 * * * development grant UK US noun [C] FINANCE, GOVERNMENT ► money given by a government or other organization to create a business or to help a business grow, especially in an area with a lot of unemployed people: »The City Council… … Financial and business terms
development bank — ➔ bank1 * * * development bank UK US noun [C] FINANCE, ECONOMICS, BANKING ► a bank that provides financial help to increase industry and other business in a country or area: »A government backed development bank could provide small businesses… … Financial and business terms
development corporation — ➔ corporation * * * development corporation UK US noun [C] FINANCE, ECONOMICS ► an organization that provides money and other help to create new business in an area where there is little industry and a lot of unemployed people: »Planners pushed… … Financial and business terms
development area — ➔ area * * * development area UK US noun [C] ECONOMICS, GOVERNMENT, PROPERTY ► an area of a country, especially a poor area with a lot of unemployed people, where the government tries to encourage economic development by offering financial… … Financial and business terms
development zone — ➔ zone1 * * * development zone UK US noun [C] (also enterprise zone) PROPERTY, ECONOMICS ► an area, especially in or near a city, where the government tries to encourage economic development by offering financial advantages to people who start… … Financial and business terms
development land — ➔ land1 * * * development land UK US noun [U] PROPERTY, ECONOMICS ► land that is available for new houses, offices, factories, etc.: »There is a substantial amount of development land around the airport. → Compare DEVELOPMENT AREA(Cf … Financial and business terms
development economics — ➔ economics * * * development economics UK US noun [U] ECONOMICS ► the part of economics that studies economic growth in countries with little industry: »He has particular interests in development economics and economic analysis of the political… … Financial and business terms
business advice centre — ➔ centre * * * business advice centre UK US noun [C] UK (US business development center) ► a place where advice and training in running a small business is available: »Karen took courses in bookkeeping, marketing, and financial planning at… … Financial and business terms