The Inter-American Development Bank (IDB) and five other international institutions have signed a joint statement, collectively committing to using evidence as a foundation for enhancing the effectiveness of development interventions.
The signatories recognize the paramount importance of consistently using appropriate evidence throughout the programming and project cycle. This commitment encompasses a wide array of practices, including strengthening problem diagnostics, developing evidence-informed theories of change, making funding decisions based on cost-effectiveness and fostering innovation through piloting and evaluating new approaches.
Institutional barriers and levers influencing evidence-based decision-making will be addressed collectively by the signatories, utilizing a framework known as TRIPS, which includes training, resources, incentives, processes and signals from the top.
The joint statement invites other international development funders, including donors, low- and middle-income country governments, and philanthropies, to assume this commitment and collectively advance the use of evidence for more effective and impactful development interventions.
The joint statement signatories are the Inter-American Development Bank Group, Foreign Commonwealth and Development Office, International Initiative for Impact Evaluation (3ie), KfW Development Bank, Millenium Challenge Corporation and Norwegian Agency for Development Corporation.
About the IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public- and private-sector clients throughout the region. Take our virtual tour.