Skip to content
 
Contact

Corporate-Level Evaluations

NDB’s Policy Framework

The Independent Evaluation Office (IEO) of NDB has completed the first corporate-level evaluation (CLE) on NDB’s Policy Framework. The objectives of this evaluation were to: (i) assess NDB’s policy coherence by reviewing the types of policies that have been adopted to further the Bank’s mandate; (ii) analyse the: policy approval and implementation processes; the guidelines established to operationalise the policies; the frameworks for measuring policy outcomes and results; and systems for monitoring and evaluation, and potential revisions; (iii) examine the allocation of financial resources invested and the availability of technical expertise required for effective policy design and implementation; and (iv) evaluate the organisational structures in place to support and facilitate the NDB’s policy initiatives.

For any further information, please contact Chao Sun, Senior Professional at sun.chao@ndb.int.

DOWNLOAD:

 

NDB’s Financial Architecture

The Independent Evaluation Office’s evaluation of NDB’s Financial Architecture was undertaken in 2024. The objectives of the evaluation were to assess: (i) the effectiveness of the financial architecture in fund raising and borrowing; (ii) the productivity of of NDB’s resources particularly from its strategic, functional and corporate objectives; (iii) the treasury functions, in determining whether  the investments have been appropriately supervised and transparent, and whether the NDB has a coherent investment model and strategy; (iv) the changes in fund-raising conditions and their impact on NDB’s loan portfolio; (v) the overall internal governance structure for oversight and guidance including the role of the NDB Governing Bodies in these processes; and (vi) alternatives and other options related to the financial architecture that would strengthen NDB’s capacity to fund infrastructure and sustainable development projects.  The report was discussed by the NDB Board of Directors in end-August 2024.

The Approach Paper specifying the evaluation objectives, methodology, process, timelines, and key questions is available at the below link, and the final report will be shortly made available at this page.

DOWNLOAD:

Thematic Evaluations

NDB’s Fast-Track Support to the COVID-19 Emergency

The Independent Evaluation Office has completed the first Thematic Evaluation of the NDB-financed COVID-19 Emergency Program Loans to Brazil, China, India, Russia and South Africa, each of USD 1 billion (or equivalent) in 2020 and 2021. The Bank targeted up to USD 10 billion in crisis related assistance, including support for economic recovery.

The NDB was one of the first multilateral development banks to provide financial support in response to the COVID-19 emergency, and the organization was commended for its agility and promptness to support countries in responding to a crisis of an unprecedented global nature. The evaluation was particularly timely to assess results and draw lessons, also in light of the global attention to crisis prevention, preparedness and response.

For any further information, contact the Director General of IEO at muthoo.ashwani@ndb.int.

DOWNLOAD:

Project Performance Evaluations

Brazil
India
China
South Africa
Renewable Energy Projects and Associated Transmission

The Independent Evaluation Office has completed its first Project Evaluation of the NDB-financed Renewable Energy Projects and Associated Transmission in Brazil. This project was selected for evaluation also considering that it was the first non-sovereign operation financed by the Bank, an operation of USD 600 million, which included a USD 300 million loan by the NDB. It was approved by the Board in April 2016 with the objective to ensure a reliable and sufficient electricity supply to meet Brazil’s future demand while expanding capacity through renewable energy sources. The Brazilian Development Bank (BNDES) was the co-financer of the project and responsible for its overall implementation.For any further information, contact Henrique Pissaia, Principal Professional Specialist at pissaia.henrique@ndb.int

DOWNLOAD:

Madhya Pradesh Major District Roads Project in India

The Independent Evaluation Office has completed its first Project Evaluation of the NDB-financed Madhya Pradesh Major District Roads Project in India, which was approved by the Board in November 2016, with the objective of improving the state’s connectivity of the current rural interior and achieving a larger coverage of the national and state highway It has disbursed more than 90% of Bank funding (US$ 350 million) for a total project cost of US$ 500 million including US$ 150 million from the Government of the State of Madhya Pradesh. It is a sovereign operation.

DOWNLOAD:

Putian Pinghai Bay Offshore Wind Power Project

The Independent Evaluation Office has completed its second Project Evaluation of the NDB-financed Putian Pinghai Bay Offshore Wind Power in the People’s Republic of China. The Board of Directors approved the loan on November 22, 2016, for NDB financing of two billion RMB, accounting for 40% of the overall project cost. This is a sovereign operation in the Clean Energy and Energy Efficiency sector, with the People’s Republic of China as the borrower of NDB financing. The project was completed in 2021 with a disbursement rate of 98.45%, and full capacity was connected to the grid on December 21, 2021. The project’s objective was to increase offshore wind power capacity in Putian Pinghai Bay by providing an adequate electricity supply to the province and catalyse offshore wind energy development with technological advances.

For any further information, contact Jin Zhao, Evaluation Specialist at zhao.jin@ndb.int.

DOWNLOAD:

Luoyang Metro Construction Project

The Independent Evaluation Office has completed its first Project Evaluation of the NDB-financed Luoyang Metro Construction Project in China. The project was approved by the NDB Board of Directors in July 2018, for a total project cost of USD 2,775 million. NDB financed US$ 300 million of the total costs. The objective of the project was to reduce traffic congestion in Luoyang and to improve the city’s overall mobility, accessibility, and connectivity, through construction of the city’s first underground metro line.

For any further information, contact the Director General of IEO at muthoo.ashwani@ndb.int.

DOWNLOAD:

Renewable Energy Sector Development Project

The Independent Evaluation Office has completed an evaluation of the NDB-financed Renewable Energy Sector Development Project in South Africa. The project received approval from the NDB Board of Directors on March 31, 2019, with a total project cost of ZAR 11.65 billion (USD 606.10 million), of which the NDB is financing ZAR 1.15 billion (USD 59.83 million). This is a non-sovereign operation with the Industrial Development Corporation of South Africa Limited (IDC) as the borrower of NDB financing. The objective of the project is to facilitate investments in renewable energy that will contribute to the power generation mix and the reduction of carbon dioxide emissions in South Africa, in line with the South African Government’s Integrated Resource Plan and its target of reducing greenhouse gas emissions as articulated in the National Development Plan 2030. This evaluation is one of the initial project evaluations wherein the NDB loan has been disbursed in the local currency. The NDB loan for this project has been fully disbursed.

DOWNLOAD:

For any further information, contact Nidhi Chaudhary, Evaluation Specialist, at chaudhary.nidhi@ndb.int

Greenhouse Gas Emission Reduction and Energy Sector Development Project

The Independent Evaluation Office has completed its first Project Evaluation of the NDB-financed Greenhouse Gas Emission Reduction and Energy Sector Development Project in South Africa. The project was approved by the NDB Board of Directors in June 2018, for a total project cost of US$ 600 million. NDB financed US$ 300 million of the total costs. This is a non-sovereign operation with the Development Bank of South Africa as the borrower of the NDB financing. The objective of the project was to facilitate investments in renewable energy that will contribute to power generation mix and reduction in CO2 emissions in South Africa, in line with the South African Government’s Integrated Resource Plan 2010 and its target of reducing greenhouse gas emissions as articulated in the National Development Plan 2030.

For any further information, contact Chao Sun, Senior Professional at sun.chao@ndb.int.

DOWNLOAD:

Project Completion Report Validation

China: Lingang Distributed Solar Power Project
View More

Evaluation Synthesis

Preliminary Experience in Establishing NDB On-the-Ground Presence: The Role of Regional Offices

NDB set up four regional offices and centres (ROCs) in the first seven years of its operations. This evaluation synthesis report (ESR): (i) captures the initial experience and lessons in setting up of the NDB ROCs for strengthened on-the-ground presence (including how they compare against the practices of peer organisations); and (ii) highlights issues that require NDB Management attention for the way forward.

ESRs focus mainly on learning and knowledge generation, and less on performance assessment. Thus, this ESR – the first ever ESR undertaken by IEO – has not made use of traditional evaluation criteria, nor assigned ratings, in its analysis. Instead it highlights broad topics and issues that merit attention for the way forward.

For any further information, contact Chao Sun, Senior Evaluation Professional at sun.chao@ndb.int.

DOWNLOAD:

Connect with Us

IEO@ndb.int