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Assessing the Monitoring and Evaluation Systems of IFC and MIGA : Biennial Report on Operations Evaluation

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 indicato...

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Bibliographic Details
Main Author: Independent Evaluation Group
Language:English
en_US
Published: Washington, DC: World Bank 2013
Subjects:
ANNUAL MONITORING
BENEFICIARIES
BEST PRACTICE
BEST PRACTICES
BOUNDARIES
BUSINESS DECISIONS
BUSINESS MODEL
BUSINESS MODELS
BUSINESS PROCESS
BUSINESS PROCESSES
BUSINESS REGULATION
CAPACITY BUILDING
COLLABORATION
COMMUNICATIONS TECHNOLOGIES
COMMUNICATIONS TECHNOLOGY
COMPETITIVE MARKETS
COMPETITIVENESS
CONSTRAINT
CORRECTIVE ACTIONS
COUNTERFACTUAL
DATA COLLECTION
DATA GATHERING
DATA INTEGRITY
DATA LIMITATIONS
DECISION MAKING
DEVELOPMENT PROJECT
DEVELOPMENT STRATEGIES
E-MAIL
ECONOMIC DEVELOPMENT
ELECTRICITY
ENVIRONMENTAL IMPACTS
EVALUATION RESULTS
FINANCIAL INSTITUTIONS
FINANCIAL MANAGEMENT
FINANCIAL REPORTS
FINANCIAL SYSTEM
FLAG
FLAGS
FOOD SECURITY
GEOGRAPHICAL AREAS
GLOBAL TRADE
HARMONIZATION
IFC
IMAGE
IMPACT INDICATORS
IMPLEMENTATION SUPPORT
IMPROVEMENTS
INFORMATION TECHNOLOGY
INFRASTRUCTURE ACCESS
INSTITUTION
INTERNATIONAL DEVELOPMENT
INTERVENTION
KNOWLEDGE SHARING
LEARNING
LICENSE
LICENSES
M&E ACTIVITIES
M&E CAPACITY
M&E INITIATIVES
M&E SYSTEMS
MANAGEMENT SYSTEM
MANUFACTURING
MARKET POTENTIAL
MEDIA
MEDIUM ENTERPRISES
OPERATIONS
OUTCOME INDICATORS
PERFORMANCE INDICATORS
PERFORMANCE MONITORING
PILOTING
POVERTY REDUCTION
PRIVATE AID
PRIVATE INVESTMENT
PRIVATE PARTNERSHIP
PRIVATE PARTNERSHIPS
PRIVATE SECTOR
PRIVATE SECTOR DEVELOPMENT
PROBLEM SOLVING
PROGRAMS
PROJECT APPRAISAL
PROJECT COMPLETION
PROJECT CYCLE
PROJECT DESIGN
PROJECT EVALUATION
PROJECT EVALUATIONS
PROJECT IMPLEMENTATION
PROJECT MONITORING
PROJECT OBJECTIVES
PROJECT QUALITY
PROJECT SELECTION
PROTOCOLS
QUALITY AT ENTRY
QUERIES
RAW DATA
RECONSTRUCTION
REGIONAL STRATEGIES
REGRESSION ANALYSIS
RELIABILITY
RESULT
ROAD
SECURE DATA
SOCIAL INCLUSION
SOCIAL PERFORMANCE
STAKEHOLDER CONSULTATIONS
STAKEHOLDERS
STANDARD FRAMEWORK
STANDARDIZATION
SUPERVISION
SUSTAINABILITY
TARGETS
TECHNOLOGY PLATFORM
TELEPHONE
TRACKING SYSTEM
TRANSACTION
TRANSLATION
USERS
USES
VERIFICATION
Online Access:http://documents.worldbank.org/curated/en/2013/01/18042894/biennial-report-operations-evaluation-assessing-monitoring-evaluation-systems-ifc-miga
http://hdl.handle.net/10986/15793
Description
Summary: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.

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