Best Practices

General Operational Policies*

OPERATIONS ADMINISTRATION

Purpose

To establish GENERAL GUIDELINES for the supervision of project execution, verification of compliance with contractual covenants, procurement procedures, and the processing of disbursements. The following guidelines are applicable to all operations financed by the Bank.

Basic Guidelines

The actions performed by the Bank during project execution are intended to:

• Ensure that projects are executed in such a way as to attain the planned objectives.
  

• Ensure that the approved financial resources are used in accordance with the covenants of the respective financing agreement and with the Bank's policies, rules, and procedures.
  

• Verify compliance by borrowers/beneficiaries/executing agencies with the contractual covenants and general rules established by the Bank.
  

• Advise borrowers/beneficiaries/executing agencies regarding the solution of problems that arise during project execution, so that projects will have the expected impact on national development.
  

• Maintain an effective and efficient information system on loan operations.
  

Norms

The SPECIFIC GUIDELINES regulating operations administration are found in the Operations Administration Manual and the Country Offices Manual.

 

* The operational policies of the Inter-American Development Bank are intended to provide operational guidance to staff in assisting the Bank's borrowing member countries. Over the course of the Bank's more than 40 years of operations, the approach to developing operational policies has taken various forms, ranging from the preparation of detailed guidelines to broad statements of principle and intent. Many policies have not been updated since they were originally issued, and a few reflect emphases and approaches of earlier years which have been superseded by specific mandates of the Bank's Governors, the most recent being the Eighth Replenishment mandates of 1994. In accordance with the Bank's information disclosure policy, the Bank is making all of its operational policies available to the public through the Public Information Center. Users please note that the Bank's operational policies are under a process of continuous review. This review process includes preparation of best practice papers summarizing experience at the Bank and other similar institutions, and sector strategy papers.

General Operational Policies Sectoral Operational Policies Information Disclosure Policy Procurement Policy