OVERSIGHT

Evaluation at the IDB is a shared responsibility between management and the Office of Evaluation and Oversight (OVE).

• Management focuses on project evaluations and monitoring portfolio performance.
• OVE is independent of management and answers to the Board of Executive Directors. Its activities include ensuring that strategies, policies and programs comply with the IDB's objectives and mandates. OVE oversees the Bank’s internal monitoring mechanisms and conducts ex-post project evaluations.

• The main function of the Office of the Executive Auditor (AUG) is to provide internal auditing designed to add value and improve the Bank's operations. AUG helps the IDB to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
• AUG serves as the principal advisory unit to the IDB President, providing periodic, independent, and objective appraisals and audits of financial, accounting, operational, administrative, and other activities, including identifying possible means of improving the efficiency and economy of operations and the use of resources.

The Independent Consultation and Investigation Mechanism (MICI)is a last resort alternative open to group of individuals or communities who may be adversely impacted by IDB financed operations due to the Bank’s potential non-compliance with its own operational policies. The MICI process includes two phases: a Consultation Phase that provides parties with the opportunity to address requesters’ concerns in a voluntary, flexible and collaborative manner; and a Compliance Review Phase that enables requesters to ask for an investigation of a Bank-financed operation with the objective of establishing whether the Bank has failed to comply with any of its Relevant Operational Policies and whether that has caused harm to requesters.