Management's Implementation of OVE Recommendations: IDB Group's Evaluation Recommendations Tracking System 2021
The Evaluation Recommendation Tracking System (ReTS) is designed to periodically provide the Inter American Development Bank (IDB) and IDB Invest Boards of Executive Directors with timely information on the actions taken by Management, the progress made, and the challenges encountered in implementing the OVE recommendations endorsed by the Boards. Assessing to what extent recommendations have been addressed is essential for institutional accountability and is a common practice at international financial institutions (IFIs). In terms of processes, OVE and Management have consolidated the progress made in previous years. In this validation period, Management began using a new system for registering action plans.