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The Independent Evaluation Group (IEG) is an independent unit within the
World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group ...
(WBG) charged with objectively evaluating the activities of the
International Bank for Reconstruction and Development The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States; it is the lending arm of World Bank Group. The IBRD offers lo ...
(IBRD) and
International Development Association The International Development Association (IDA) () is a development finance institution which offers concessional loans and grant (money), grants to the world's poorest developing country, developing countries. The IDA is a member of the World ...
(IDA; collectively, the
World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
), the work of
International Finance Corporation The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private ...
(IFC) in private sector development, and the
Multilateral Investment Guarantee Agency The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against ...
's (MIGA) guarantee projects and services to provide accountability, help the WGB avoid unnecessary mistakes and successfully reach their goals. The head of IEG, the Director-General, Evaluation, reports directly to the Bank Group's Board of Executive Directors and not to Bank Group management.


History

Evaluation of World Bank projects began in 1970, when President Robert McNamara created an Operations Evaluation Unit in the bank's Programming and Budgeting Department. In 1973, the unit was renamed the Operations Evaluation Department, and thereafter gained increasing independence from bank management. The
International Finance Corporation The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private ...
(IFC) established an evaluation unit in 1984, and in 1995, the unit increased its independence under a new name, the Operations Evaluation Group. The
Multilateral Investment Guarantee Agency The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against ...
(MIGA) created an evaluation office in 2002. In July 2006 the Board of the Bank Group integrated the independent evaluation functions of the World Bank, IFC, and MIGA into a single unit, the Independent Evaluation Group. In 2019, Alison Evans, a United Kingdom national, assumed the position of Director-General, Evaluation at the World Bank Group. Before this role, Dr. Evans was the Chief Commissioner of the UK’s Independent Commission for Aid Impact (ICAI) based in London, England.


Goals

The World Bank Group has twin goals: to end
extreme poverty Extreme poverty is the most severe type of poverty, defined by the United Nations (UN) as "a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, ...
and boost shared prosperity. To achieve these goals, the World Bank Group needs to better understand what works and why, to draw lessons and good practices from experience, deepening the evidence base to inform decision making and future action. IEG evaluations seek to provide objective assessments to ensure that the Bank Group is accountable for achieving its development objectives. IEG is one of the 4 units (the four I's) that ensure oversight and accountability at the World Bank Group: the Inspection Panel (IPN) and the Independent Evaluation Group (IEG) reporting to the Board of Executive Directors; the Internal Audit (IAD) reporting to the President and to the Audit Committee; the Integrity Vice Presidency (INT) reporting to the President.


Expanding evaluation capacity

IEG also provides training and advisory
monitoring and evaluation Monitoring and Evaluation (M&E) is a combined term for the processes set up by organizations such as companies, government agencies, international organisations and NGOs, with the goal of improving their management of outputs, outcomes and impact. ...
(M&E) services to Bank Group client countries. Through this evaluation capacity development, IEG is readying a network of capable evaluators to perform M&E services in their own countries and regions. IEG is a partner in the International Program for Development Evaluation Training (IPDET), the Regional Centers for Learning on Evaluation and Results (CLEAR), and the Evaluation Cooperation Group (ECG).


See also

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World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group ...
*
World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...


References


External links


World Bank Independent Evaluation Group
{{Webarchive, url=https://web.archive.org/web/20190721203423/https://ieg.worldbankgroup.org/ , date=2019-07-21
IEG What Works BlogDirector-General, EvaluationCLEAR initiative
World Bank Ombudsman organizations