Inter-American Development Bank Evaluation Profile - Evaluation Systems Review 2016

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II. INTER-AMERICAN DEVELOPMENT BANK

Inter-American Development Bank (IADB) Office of Evaluation and Oversight (OVE) Evaluation Mandate The Office of Evaluation and Oversight (OVE) is an independent body of the InterAmerican Development Bank (IDB), responsible for externally evaluating IDB’s projects and performance. Since a reorganisation in 1999, the Board of Executive Directors mandated the OVE to conduct evaluations; produce oversight reviews of corporate strategy, processes and instruments; provide normative guidance on evaluation issues; and contribute to evaluation capacity building in the region. In recent years, the OVE has increased its efforts to improve evaluation training among regional governments (IDB 2016). The OVE follows the guidelines and approaches of the Evaluation Cooperation Group (ECG) of the Multilateral Development Banks. In recent years, IDB has sought to improve the Bank’s project evaluation architecture through the design and adoption of a Development Effectiveness Matrix and a growing incorporation of impact evaluations in projects (IDB 2014, IDB 2016). For the IDB, evaluations are aimed at improving IDB’s development effectiveness as well as promoting institutional learning. This dual function is the foundation for four core principles that guide the OVE’s work (IDB 2016):

Evaluation must be constantly scrutinised for improvement.

It should provide useful feedback to IDB’s work.

It is only relevant if IDB learns from and applies the evaluation lessons.

It should measure outcomes, not just outputs.

EVALUATION SYSTEMS IN DEVELOPMENT CO-OPERATION: 2016 REVIEW © OECD 2016

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