NDB Evaluation Policy
On 24 August 2022, the NDB Board of Directors approved the Bank’s first Evaluation Policy. This policy sets out the overarching framework for conduct of evaluations in NDB. The Policy focus on strategic issues and clearly defines roles and responsibilities across the various components of the evaluation system ensuring complementarity and avoiding overlap and duplication with other entities responsible for oversight in the Bank. The new Policy covers independent evaluations as well as some aspects of self-evaluation.
The evaluation policy is intended to help NDB Management and staff, and partners align their expectations in determining why, when, and how to use evaluation for improved development impact and sustainability.
The policy learns from a benchmarking of the evaluation policies and equivalent documents of selected multilateral development banks (MDBs) and United Nations organizations with respect to the overall coverage of the policies, the roles and responsibilities addressed herein, and the underlying principles. While learning from other MDBs, this policy considers good practices that are most relevant to the unique context of the NDB and its specialized mandate.
Also, the policy is established in the Evaluation at NDB’s core principles: Independence, utility, timeliness and credibility and transparency.
Evaluation Strategy 2024-2026
The NDB Board of Directors approved, on 28 November 2023, the Independent Evaluation Strategy 2024-2026. The Strategy, the first of its kind in the Bank, is part of IEO’s broader enabling environment and aims to operationalize the NDB Evaluation Policy as well as generate a common understanding on the approach to evaluations by IEO. The strategy has four priorities as follows: (i) The strategy has strategic priorities: Strengthen NDB’s developmental impact by evaluating NDB-financed projects and associated activities, deriving lessons, and sharing knowledge; (ii) Support the further development of NDB self-evaluation capacities and systems; (iii) Provide evaluation-based lessons to support the preparation of Bank policies and strategies; and (iv) Promote an evaluation and results culture in the Bank and its member countries.