Evaluation

The Bank uses evaluation as a tool for institutional learning and an instrument for systematically assessing the effectiveness of its development policies, the results of the activities it finances, and related processes.

Evaluation is a shared responsibility between management and the Office of Evaluation and Oversight (OVE) at the IDB. Management focuses on project evaluations and monitoring portfolio performance, while OVE focuses on oversight of evaluation systems and processes, Country Program Evaluations (CPEs), evaluation capacity building, strategy evaluation and policy and instrument evaluation.

The Office of Evaluation and Oversight carries out specific evaluation activities and oversees all evaluation processes within the Bank. It answers to the Board of Executive Directors and is independent from management. It examines strategies, policies, programs, activities, and delivery support functions and systems in order to verify that they comply with the IDB's objectives and mandates. It also disseminates findings of the evaluations so that recommendations for improvement can be used in the design, appraisal and execution of new operations.

Also, the Regional Support Office for Evaluations, which is part of management, prepares an annual Develoment Effectiveness Overview (DEO) of the project portfolio.