Independent Evaluation

Harmonization Work

Accomplishments

The ECG has

• developed good-practice standards for various types of evaluations and is currently undertaking benchmarking studies to assess application of these by members;
• completed standards for public and private sector project lending and program lending, as well as a benchmarking study for this; and
• developed standards for evaluating policy-based lending.

Directions

The ECG is developing approaches to peer review of evaluation functions in MDBs that will

• address the independence of the evaluation office and the role of Management and Boards of Directors;
• ensure adherence to good-practice standards;
• tackle the selection of evaluation topics;
• improve the quality of evaluation reports;
• promote the use of lessons and recommendations; and
• deal with staffing and budgets.