Projects

At entry, proposals identify the development challenge to be addressed by the project and provide an analytic diagnosis that leads to a proposed solution with a clear logic. Solutions are evidence-based, in that their effectiveness has been documented, or a sound rationale for the intervention and provisions exists to generate knowledge about their effectiveness. Proposals also quantify the size of the problem and the relevance of the intervention. All this information is presented alongside a results matrix and a monitoring and evaluation plan. The proposals are rated for alignment with strategic priorities, evaluability (which encompasses logic, economic and risk analyses, as well as monitoring and evaluation), and additionality, through the Development Effectiveness Development Effectiveness Matrix (DEM)

We measure the evaluability of development interventions with a set of development effectiveness matrices or DEM. These matrices, based on the Good Practice Standards produced by the Evaluation Cooperation Group (ECG), are a checklist of analytical and informational requirements. The DEMs allow an assessment of whether products meet a minimum set of information requirements such that reliable and credible monitoring may be conducted during implementation, and reporting results from the interventions in a rigorous manner at completion through evaluation is possible.

Monitoring and Evaluation (M & E)

Monitoring and Evaluation (M & E) includes processes, systems and tools to analyze performance of the Bank’s development interventions. The monitoring function identifies the status of a project with regard to its expected outputs and estimated time and cost parameters, while evaluation uses empirical evidence to identify to what extent outcomes and impacts are achieved. Evaluation has shifted from reflexive comparisons to more rigorous methodologies. There are several methods for conducting evaluations, the most rigorous being the use of random assignment to create experimental and control groups. If random assignment is not feasible the Enterprises may use alternative methods to create a credible comparison (quasi-experimental approaches).Economic Rate of Return (ERR)

Many of the Enterprises operations include an economic analysis using the Economic Rate of Return (ERR) to evaluate contribution of Investor’s efforts to economic development. The ERR compares the interest rate of an operation with the costs of capital and benefits for countries discounted over its life. Other cost-effectiveness indicators are also utilized as proxies to track contributions to economic development over the life of the project.