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Review of the Independence and Effectiveness of the Asian Development Bank’s Operations Evaluation Department (OED)In February 2008, President Haruhiko Kuroda of the Asian Development Bank (ADB) committed to undertake a comprehensive review of ADB's Operations Evaluation Department (OED). The objective is to review ADB's current arrangements for the operations evaluation function to assess their independence and overall effectiveness and recommend changes as necessary and appropriate. The President set up a Working Group comprising three members of ADB's Board of Directors and the Managing Director General in March 2008 to undertake the review. Two external experts were engaged. The experts visited Manila and held extensive consultations with the Board, Management and staff. The experts also consulted with the Evaluation Cooperation Group (ECG) and other MDBs to distill international best practices. The experts submitted their final report on 5 September 2008. President Kuroda welcomes the report, which will serve as an input to the review being undertaken by the Working Group, which is expected to be completed by December 2008.
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