The Office of Evaluation and Oversight, established in 1999, undertakes independent and systematic evaluations of IDB Group’s strategies, policies, programs, activities, performance and delivery support systems. It disseminates findings of these evaluations so that recommendations can be used in the design, analysis and execution of new operations. OVE makes four types of evaluations:
Download our latest corporate evaluation on the results and implementation of the IDB’s Ninth General Capital Increase
Take a look at one of our latest Country Program Evaluations: Nicaragua 2013-2017
Between 2010 and 2016, IDB mobilized more than US$1 billion to finance knowledge activities. Here is our review
In this context, independence implies independence of judgment along with adequate independence in managing the resources that are reasonably necessary to reach an independent judgment, within the framework of general IDB's rules (procurement, budget, travel policies, etc).
OVE's findings, analyses, and conclusions are free from external influence at all stages of the process, including the planning of work programs and budget, formulation of terms of reference, staffing of evaluation teams, execution of evaluations and approval of reports.
See the following related documents for further information:
In May 2010, the IDB's Board of Executive Directors approved the new Access to Information Policy, which was enforced on January 1, 2011. The general principle of the new policy is to publicly disclose information unless one of the ten exceptions listed in the policy is applicable. Therefore, the documents and information produced by OVE comply with the new policy, aimed at fostering transparency and dissemination.
The new policy strengthens the IDB's commitment to transparency in all of its activities, ensuring that all information will be disclosed unless it is found on a narrow list of exceptions. The Policy establishes requirements for the timely availability of three types of information—operational, financial and institutional—and creates a two-stage review mechanism for instances in which access to information is denied.
You can review the most recent Work Program for 2018-2019 approved by the Board of Executive Directors, as well as a repository of all OVE's work programs.
These evaluations analyze the relevance, effectiveness, efficiency, and sustainability of the full range of IDB Group’s support to an individual borrowing country over a 4- to 5-year period. This usually corresponds to the time covered by the most recent Country Strategy. Each country program evaluation involves extensive discussions with IDB’s management and country counterparts.
These evaluations provide in-depth analysis of IDB’s engagement on a specific sector while supplying lessons learned and advice on future strategic directions.
These evaluations underpin all of OVE’s evaluation work – whether at the country, sector, thematic, or corporate level. An accurate picture of IDB Group’s results requires a clear understanding of the performance of the projects it supports.
Additionally, OVE has an important role in strengthening IDB Group’s overall evaluation “architecture” by validating management’s self-evaluations on project performance.
These evaluations focus on the IDB Group’s own structure and processes and examine how they affect the development effectiveness of its work.
OVE provides financial and in-kind support to Spanish and Portuguese speaking CLEAR centers in Latin America situated at the Centro de Investigación y Docencia Económica (CIDE) in México and the Fundação Getulio Vargas (FGV) in Brazil.
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