Corporate-Level Evaluations
The Independent Evaluation Office of NDB (IEO) is undertaking a corporate-level evaluation on NDB’s Financial Architecture. The objectives of this evaluation are 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 evaluation will be completed by end 2023. The Approach Paper specifying the evaluation objectives, methodology, process, timelines, and key questions is available at the below link.
For any further information, contact the Director General of IEO at muthoo.ashwani@ndb.int.
DOWNLOAD: Evaluation of NDB Financial Architecture Approach Paper
Project Performance Evaluations
The Independent Evaluation Office is undertaking a Project Evaluation of the NDB-financed project: “The Pará Sustainable Municipalities Project.” This project was also selected for evaluation, considering that it was the first Sovereign Guaranteed operation financed by the Bank in Brazil and co-financed by the Latin American Development Bank (CAF). It is a multiple-sector project covering mobility, sanitation and communication programs in various cities alongside the Trans-Amazonian highway in Pará State. The total project cost is USD 125 million, from which the NDB loan supports USD 50 million, the CAF loan supports USD 50 million, and the State Government of Para supports USD 25 million. The project is still under execution, and the evaluation will be the first real-time and joint evaluation (together with CAF) conducted by IEO. The independent evaluation is planned to be completed by September 2024, and the Approach Paper specifying the evaluation objectives, methodology, process, timelines, and key questions will be published soon.
For any further information, contact Henrique Pissaia, Principal Professional Specialist at pissaia.henrique@ndb.int
The Independent Evaluation Office is undertaking a Project Evaluation of the NDB-financed Putian Pinghai Bay Offshore Wind Power Project in the first semester of 2024. It will be the second project evaluation in China to be conducted by IEO. 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 increased the share of offshore wind power and offshore wind power-based electricity generation in China’s energy mix by constructing 41 turbines and commissioning 246 MW offshore wind power generation capacity. The project can facilitate 873 million kWh of electricity generation and avoid 869,900 tons of carbon emissions annually. IEO will complete the evaluation by June 2024.
The Approach Paper specifying the evaluation objectives, methodology, process, timelines, and key questions is available at the below link.
DOWNLOAD: Approach Paper
For any further information, contact Jin Zhao, Evaluation Specialist at zhao.jin@ndb.int.
The Approach Paper will be published soon, specifying the evaluation objectives, methodology, process, timeline, and key questions.
For any further information, contact Nidhi Chaudhary, Evaluation Specialist, at chaudhary.nidhi@ndb.int
Country Portfolio Evaluation
The Independent Evaluation Office is conducting its first-ever Country Portfolio Evaluation (CPE) in 2024. The country selected for the CPE is India, in light of its substantial project portfolio financed by the New Development Bank (NDB). By the end of 2023, NDB had approved a total of 26 projects in India. These projects cover a variety of sectors, with 14 targeting improvements in road infrastructure, connectivity and urban mobility, while seven aim to bolster water and sanitation systems. Additionally, NDB has approved five projects covering clean energy, energy efficiency, COVID-19 emergency assistance, and multi-dimensional initiatives.
The primary aim of the CPE is to assess the overarching partnership between NDB and India in fostering economic and social development. The assessment period covers activities from 2015 to the end of 2023. All projects approved within this time frame will be assessed as part of the CPE.
The Approach Paper specifying the evaluation objectives, methodology, process, timelines, and key questions will be published soon.
For further information, please contact Manas Puri, Senior Professional, at puri.manas@ndb.int.
Evaluation Synthesis
The Independent Evaluation Office is undertaking an Evaluation Synthesis Report (ERS) on the role of NDB regional offices in strengthening on-the-ground presence. The main objectives of the ESR are to: (i) capture the initial experience and lessons in setting up of the NDB regional offices for strengthened on-the-ground presence; (ii) identify relevant good practices from peer organisations; and (iii) highlight issues that require NDB Management attention for the way forward. As the IEO’s first ESR, it focuses mainly on learning and knowledge generation, and less on performance assessment. Thus, the ESR will not make use of traditional evaluation criteria, nor assign ratings, in its analysis. It will highlight broad topics and issues that merit attention for the way forward. The ESR will be completed before March 2024.
The Approach Paper specifying the evaluation objectives, methodology, process, timelines, and key questions is available at the below link.
Download: Approach Paper
For any further information, contact Chao Sun, Senior Professional at sun.chao@ndb.int.