By World Bank
To achieve its undertaking to minimize poverty, the area financial institution consistently adapts its rules and practices to a quickly altering global. to do that, it seeks trustworthy and aim info at the effectiveness of its operations. This quantity provides an summary of the area financial institution staff operations and review standards and techniques for assistance. the realm Bank's new review approach emphasizes reaching ends up in the sphere. overview is a key software to aid results-based administration, the aim of that's to supply a framework for strategic making plans and administration in accordance with the foundations of studying and shared accountability. This booklet will entice an individual drawn to the operations of the realm financial institution staff and the foreign Finance company.
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Extra resources for Assessing development effectiveness: evaluation in the World Bank and the International Finance Corporation
Could similar operations be prepared, appraised, and implemented more quickly or economically in future without undue risk to their own or sectoral goals? Financial performance. Has the operation met its financial goals? Implementation. Were the operation and its main components fully completed, on time, and within realistic estimates of costs? What changes were made during implementation, and why? Did the borrower and its consultants perform as expected? Compliance. Did the borrower and government comply with the loan covenants and related agreements?
Though levels of participation vary among countries, borrowers can provide valuable insights about project design and implementation, and about the Bank's and their own performance. In this final stage of the implementation partnership between the Bank and the borrower, the implementing agency outlines how it plans to operate and maintain the project after the Bank's direct involvement with the operation has ended. All ICRs are issued to the Bank's board and management and, through the executive directors, to the authorities in all the Bank's member countries.
This summary is also shared with the country director and responsible staff in draft form, and incorporates subsequent operational comments. The Bank invites cofinanciers to participate in evaluations of operations they have cofinanced. Page 32 Box 5: Typical Questions Addressed by Implementation Completion Reports Goals of the operation. Were goals clearly defined? Were they realized, in the judgment of Bank and borrower? In retrospect, were the original goals appropriate? Economic and social benefits.