Unlike commercial banks, the success of development banks like AfDB cannot be measured merely by turnover or profit. They must mobilize extra funds and syndicate financiers for development, and primarily show success by the much harder-to-measure development outcomes of programs, projects, knowledge work, policy dialogue and advice, capacity building and training. The Board of Directors depends on IDEV independent evaluations, on learning from them, and on a critical assessment of the AfDB's work.
Key accomplishments in 2015
IDEV delivered 12 high-level influential evaluation reports, up from the previous record of nine in 2014. In 2015, IDEV delivered more reports than it has in any year in its 30-year history. IDEV also delivered on evaluations ranging from project-level to corporate; further scaled-up evaluation coverage and quality, promoted the use of evaluative knowledge, and strengthened evaluation systems in the Bank and in the RMCs.
Key accomplishments in 2014
IDEV delivered 9 of 13 planned reports as of December 31, 2014. Another 13 evaluations were initiated and carried over for delivery in 2015. All this was achieved despite a 9% budget cut in 2014. IDEV reinforced outreach, dissemination and learning initiatives throughout the Bank and pioneered evaluation capacity building initiatives in AfDB Regional Member Countries (RMCs).