Instruments and Development: An Evaluation of IDB Lending Modalities

Aug 2004
The basic objective of this evaluation (RE-300) is to review the range of Bank instruments with respect to the issues of development effectiveness posed by the Governors. The evaluation focus on the instruments themselves, rather than on the specific operations each instrument has financed. The goal is to understand the possibilities and constraints inherent in each instrument and to examine how these characteristics influence the capacity of the instrument to be effective in meeting the development needs of the borrowers. Data for the evaluation has been drawn from a desk review of operational policies and loan documents, the Office of Evaluation and Oversight's thematic and country program evaluations, and the evaluative findings relating to similar instruments in other institutions. Data for the study has also been drawn from the self-evaluations made by Management provided in the various proposals for revision to the rules applicable to individual lending instruments.