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The Office of Evaluation and Oversight, established in 1999 as an independent evaluation office, OVE evaluates the performance and development effectiveness of the activities of the IDB Group.

The Development Effectiveness Overview (DEO) is an annual report produced by the IDB Group to share the results and impact of its work in Latin America and the Caribbean. It showcases the IDB Group's contributions towards the development of its 26 borrowing member countries in the region and the Sustainable Development Goals, as well as progress against key institutional metrics in its Corporate Results Framework.

According to the IDB’s independent evaluation office, only 53 percent of IDB sovereign projects in the latest validation cycle were successful in the four core areas of relevance, effectiveness, efficiency, and sustainability. This falls considerably short when compared to the World Bank's 80 percent achievement, or the approximately 70 percent achievement for both the African Development Bank and the Asian Development Bank. The IDB lags even further behind if we focus on effectiveness, where only 27 percent of projects achieve their expected results.

Using evidence from IFAD’s Impact Assessments to inform the design of new projects By Romina Cavatassi, Sara Savastano 28 January 2022 ©IFAD/Susan Beccio Enabling inclusive, equitable and...