Publication: Assessing the Monitoring and Evaluation Systems of IFC and MIGA : Biennial Report on Operations Evaluation
Date
2013
ISSN
Published
2013
Author(s)
Independent Evaluation Group
Abstract
The International Finance Corporation
(IFC) has advanced systems to gather, analyze, and apply
investment and advisory project information. It has made
strides in developing, aggregating, disclosing, and
strategically using its development indicators. The
Multilateral Investment Guarantee Agency (MIGA) has made
progress in upgrading its system of assessing its
development performance. There are gaps in terms of
measuring private sector development for investment projects
and use of relevant standard indicators in advisory services
projects. Reliability of data can be enhanced by adding more
independent verification. Most self-evaluation has been
project focused, but there is much that could be learned by
extending evaluation to cover programs and strategies. The
systems could be improved in several aspects to make
evaluation more effective and to get more value from
evaluation lessons. This biennial report on operations
evaluation is an evaluation of these systems. It takes stock
of the strengths and weaknesses of the development results
frameworks in place for IFC investment services, IFC
advisory services, and MIGA guarantees, and determines
whether they: (1) provide mechanisms to generate credible,
timely, and relevant information; (2) support evidence
based decision making and learning; and (3) improve the
performance and results of IFC's or MIGA's
activities. Where they fall short, this report offers
recommendations for improvements.
Citation
“Independent Evaluation Group. 2013. Assessing the Monitoring and Evaluation Systems of IFC and MIGA : Biennial Report on Operations Evaluation. © Washington, DC: World Bank. http://openknowledge.worldbank.org/handle/10986/15793?show=full License: CC BY 3.0 IGO.”