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dc.titleApproach Paper: Evaluation of IDB Invest
dc.contributor.authorSembler, Jose Ignacio
dc.contributor.authorLegarreta, Regina
dc.contributor.authorCuestas, Ernesto
dc.contributor.authorSzwedzki, Roni
dc.contributor.authorAndrade Sakaguchi, Sumiko
dc.contributor.authorGalinsky, Damian
dc.contributor.authorBarbosa, Fernando
dc.contributor.authorDel Pilar, Diego
dc.contributor.authorMiranda, Laura
dc.contributor.authorPires, Jose Claudio Linhares
dc.contributor.authorDe Santis, Stefania
dc.contributor.authorKing, Julie
dc.contributor.orgunitOffice of Evaluation and Oversight
dc.coverageLatin America and the Caribbean
dc.date.available2022-09-15T00:09:00
dc.date.issue2022-08-31T00:08:00
dc.description.abstractThis approach paper defines the objectives, scope, and methodology for the evaluation of IDB Invest by the Office of Evaluation and Oversight (OVE). At the 2015 annual meeting in Busan, the Boards of Governors of the Inter-American Development Bank (IDB) and the Inter-American Investment Corporation (IIC) decided to consolidate the IDB Group's private sector operations into the IIC. This decision was accompanied by a US$2.03 billion capital increase for the IIC over a 10-year period (2016-2025). This process of consolidation and capitalization, known as the private sector merge-out, took effect on 1 January 2016. In 2017, OVE completed a midterm review of implementation of the private sector merge-out to identify emerging lessons that might be helpful in completing the merge-out. In November 2017, the IIC was rebranded as IDB Invest. At the request of the Boards of Executive Directors of the IDB and IDB Invest, this evaluation was included in OVE's 2021-2022 work program. The Busan Resolution set forth a “Renewed Vision” for promoting development through the private sector. This Renewed Vision provides a long-term framework (2016-2025) for IDB Invest and focuses on strengthening development effectiveness, development impact, and additionality of operations, as well as maximizing the efficient use of resources and synergies between the IDB Group's public and private sector activities. The merge-out was selected as the way to implement this Renewed Vision. The challenges posed by the COVID-19 health crisis, as well as current discussions on the need to pursue a new business model for the institution and its financial and operational implications, make this an ideal moment to take stock of lessons learned and provide input for future discussions at the corporate level. Against this backdrop, this evaluation seeks to report independently to the Boards of Executive Directors of the IDB and IDB Invest on the effectiveness of the implementation to date of the Renewed Vision that gave rise to the creation of IDB Invest. This evaluation will also use the findings of OVE's 2017 midterm review of implementation of the merge-out to further analyze areas that had not yet matured at that time (e.g., finance, operations management, development effectiveness, etc.). The evaluation will cover the period from January 2016 (when the merge-out took effect) to December 2021.
dc.format.extent27
dc.identifier.doihttp://dx.doi.org/10.18235/0004463
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Approach-Paper-Evaluation-of-IDB-Invest.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Documento-de-enfoque-evaluacion-de-BID-Invest.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectPrivate Sector
dc.subjectNon-Sovereign Guaranteed Operation
dc.subjectMonitoring and Evaluation
dc.subjectCorporate Evaluation
dc.subject.jelcodeH83 - Public Administration • Public Sector Accounting and Audits
dc.typeTechnical Notes
idb.identifier.pubnumberIDB-TN-02553
idb.operationBK-V0036
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