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To achieve its project to minimize poverty, the area financial institution continuously adapts its rules and practices to a quickly altering international. to do that, it seeks trustworthy and aim details at the effectiveness of its operations. This quantity provides an summary of the area financial institution staff operations and overview standards and techniques for suggestions. the realm Bank's new evaluate approach emphasizes reaching ends up in the sector. overview is a key device to aid results-based administration, the aim of that's to supply a framework for strategic making plans and administration in line with the foundations of studying and shared accountability. This book will attract a person attracted to the operations of the area financial institution team and the foreign Finance company.

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Extra info for Assessing development effectiveness: evaluation in the World Bank and the International Finance Corporation

Sample text

At the president's request, the Operations Policy Department and OED in 1996 jointly reviewed the economic analysis of new operations proposed for financing and made recommendations for action. The review found that today's operations are based on somewhat better analysis than those approved in previous years; nevertheless, it identified a continuing need for more analytical rigor in project appraisal, particularly in analyzing poverty reduction impacts. Also, responding to OED findings that the monitoring and evaluation of ongoing operations still need improvement, Bank management has undertaken to ensure that appropriate monitoring and evaluation provisions are built into new operations and the portfolio, to provide better technical leadership and support services to operational staff for monitoring and evaluation, and to retrofit the existing portfolio with performance indicators when lacking or where ongoing projects do not have clear, realistic, or monitorable performance indicators.

The following three chapters describe operations evaluation at the World Bank. Chapter 5 covers operations evaluation at IFC. Page 13 Overview Goals Evaluation measures achievements in relation to institutional policies, Bankwide program objectives, and the goals set for each operation. It is designed to: Provide an objective basis for assessing the performance of policies, programs, projects, and processes. Help provide shared accountability for the achievement of the Bank's objectives. Improve policies, programs, and projects by identifying and disseminating the lessons learned from experience and by making recommendations drawn from evaluation findings.

This allows us to enhance the development effectiveness of our lending and advisory and analytical activities, provide timely feedback for the management of our portfolio, and create learning opportunities for the entire development community. JAMES D. WOLFENSOHN PRESIDENT, WORLD BANK Page 11 Introduction The basic mandate of evaluation in any organization is twofold: to measure to what extent and how efficiently operational programs and activities are producing the desired results, and to feed the information back into the formation of new directions, policies, and procedures.

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