TBLS Lecturer Laura Panades has published an update to her research in a leading peer-reviewed journal.
‘Cruising Around the Caribbean – Regional procurement developments’ is the title of the article.
The ‘European PPP and Procurement Law Review’, a leading, international, peer-reviewed journal, has published the article.
Panades is their appointed correspondent for the Caribbean region.
This research is important because it identifies Cayman’s progress in public procurement within the regional scene.
Public procurement is the area of the law that regulates the award of contracts from the public to the private sector.
This is important to maximise the added value of public purchases, as well as avoiding corruption and conflicts of interest.
In this article, Panades concludes that:
‘[T]he Caribbean is managing different problems to modern, Western economies by engaging with the same trends: e-procurement and sustainable procurement. In addition, many Caribbean countries and territories have used legal reform to formalise lessons learned via the practice of procurement.’
This research is important because of the common challenges across the Caribbean.
‘Caribbean countries and territories are highly exposed to common risks. First, their young public procurement frameworks, often less than a decade old, are still being tried and tested. Second, the remoteness and small size of many countries and territories means there are local development preferences, as well as a heightened risk of corruption and conflicts of interest.’
The article can be downloaded via https://doi.org/10.21552/epppl/2024/3/8
The author welcomes further enquiries and is more than welcome to provide electronic access to the full article.
FURTHER PRESS INFORMATION AVAILABLE FROM
Laura Panades