Analysis of Project Evaluability Year 2001
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In the course of the last few years, the Bank has assigned greater importance to the evaluation of the outcomes of its investments in the region of Latin America and the Caribbean (LAC). This study on the Bank's lending program was conducted to examine project "evaluability," meaning the degree to which the projects are defined such that, once they are complete, they can be evaluated and demonstrate their effectiveness in addressing the development problems and challenges faced by the borrowing countries. Its findings are intended to illuminate problems affecting the evaluability of Bank operations, identify areas for improvement and develop a baseline that can be used to track the Bank's progress in the future. Therefore, there was no baseline for the exercise and the findings of the study were intended to affect, principally, the design of future operations.