A Review of IDB Group's Non Sovereign Guaranteed Problem Projects

This evaluation focuses on problem projects, defined narrowly as those “financially impaired” because they hold the possibility of financial losses. Problems may be defined as any departure from expected results, but when this departure relates to potential financial losses, accounting rules require that specific provisions be made. At the request of the Board, this evaluation seeks to learn from IDBG’s past problem projects – those with specific accounting provisions – and from comparator MDBs’ practices for avoiding and resolving problems.