By World Bank
To achieve its venture to lessen poverty, the area financial institution constantly adapts its regulations and practices to a speedily altering global. to do that, it seeks trustworthy and target info at the effectiveness of its operations. This quantity provides an summary of the area financial institution crew operations and assessment standards and methods for guidance. the realm Bank's new assessment procedure emphasizes reaching leads to the sphere. evaluate is a key software to aid results-based administration, the aim of that is to supply a framework for strategic making plans and administration according to the rules of studying and shared accountability. This ebook will attract a person attracted to the operations of the area financial institution staff and the overseas Finance company.
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Additional info for Assessing development effectiveness: evaluation in the World Bank and the International Finance Corporation
Development Training The Economic Development Institute (EDI) is responsible for the Bank's development training programs. The institute carries out self-evaluation to assess the quality and usefulness of its training activities in achieving objectives stipulated in the Strategic Compact, regional and thematic objectives, and feeds the results back into the improvement of present programs and design of its new work programs. The institute also shares these evaluation results with donor agencies that have financed or helped cofinance selected activities.
The Bank reviews all progress reports by the borrower, and Bank staff visit project sites and facilities to review progress, provide advice, and obtain information. Once a loan account has been closed, at the end of the investment phase, Bank staff prepare a completion report to assess the outcome of the project and make recommendations for its future operation. Procedures for monitoring and rating the performance of ongoing operations have been enhanced to deal not just with financial and economic indicators, but also with issues of equity, sustainability of benefits, and participation by project beneficiaries in decision making.
The former Special Grants Committee, since replaced by the DGF, initiated an internal review of programs to gauge their results against institutional priorities. In 1997, the Institutional Development Fund (IDF) and the Consultative Group to Assist the Poorest (CGAP), among others, prepared evaluation reports on their activities. In addition, individual grants under these programs are required to be evaluated upon completion. During the last three years the Global Environment Facility (GEF) has been developing its policies, guidelines and capacities.
Assessing development effectiveness: evaluation in the World Bank and the International Finance Corporation by World Bank