Each project MIF finances passes through a series of stages—principally preparation, approval, implementation, and completion and evaluation. This is known as the project cycle. Project documents are produced throughout the project cycle and can all be consulted by clicking each project thanks to the transparency policy initiated by the MIF Donors’ Committee in 2006. The project documents are also valuable sources of information to track the progress of projects under consideration for MIF financing. The following is a step-by-step guide to the project cycle, including the documents produced as part of the process and how to access them.