TY  - GEN
AU  - Sembler, Jose Ignacio
AU  - Briceño, Bertha
AU  - Figueroa, Claudia
AU  - Riveros, Luisa
AU  - Perez Ramirez, Anali
AU  - Pupo Lafer, Marina
AU  - Barbosa, Fernando
AU  - González, Jorge
AU  - Laakso, Aarre
AU  - King, Julie
AU  - Wong, Melisa
AU  - Vaessen, Jozef Leonardus
AU  - Motta, Marialisa
TI  - IDB Group Project Performance: The 2024 Validation Cycle
PY  - 2026
Y1  - 2026/05/12
DO  - 10.18235/0014039
AB  - This report summarizes the 2024 results of the Office of Evaluation and Oversight's (OVEs) annual review of project performance at the Inter-American Development Bank (IDB) Group. Every year, IDB Group Management prepares self-evaluations on the results of its operations: Project Completion Reports (PCRs) at the IDB and Expanded Supervision Reports (XSRs) at IDB Invest. PCRs and XSRs are then validated by OVE to ensure that they are substantiated by evidence and are prepared in accordance with their respective guidelines. Self-evaluations and validations are intended to serve as accountability and learning tools.

The IDB Group's project evaluation methodology is objectives-based, which means that project performance is assessed against the objectives that the projects intended to achieve as defined in their design documents. Project performance is rated based on four core criteria: (i) relevance of the project's goals and design, (ii) effectiveness or the degree to which the project achieved the specific objectives for which it was approved, (iii) efficiency with which the objectives were achieved, and (iv) sustainability of the results achieved. Project's overall outcome ratings are calculated as a weighted average of the four core criteria ratings, where effectiveness has the highest weight (40 percent, versus 20 percent for the other three criteria). In addition, both Management and OVE rate two non-core criteria for IDB operations (Bank performance and borrower performance) and three non-core criteria for IDB Invest operations (additionality, investment profitability, and work quality). Non-core criteria do not count toward the overall projects' outcome ratings. Finally, OVE also rates the quality of the self-evaluation reports by Management. The overall outcome is rated on a six-point scale, while core criteria, noncore criteria, and PCR and XSR quality are rated on a four-point scale. For simplicity, this report groups ratings into “positive” and “negative,” where positive corresponds to the top half ratings in the scale, and negative to the bottom half.
UR  - https://doi.org/10.18235/0014039
ER  -