Second Independent Evaluation: Multilateral Investment Fund

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Feb 2013
This Final Report to Donors presents the findings of the Second Independent Evaluation of the Multilateral Investment Fund (MIF) conducted by the Office of Evaluation and Oversight (OVE) of the Inter-American Development Bank. The first independent evaluation, produced by OVE in 2003 as Donors considered the MIF's request for a replenishment, was prepared to report to Donors on the MIF's performance during its first mandate (MIF I), and to provide lessons learned for the MIF itself. In 2007 Donors approved the replenishment for the MIF (MIF II) and, as part of the replenishment agreement, required that a similar evaluation exercise be conducted at the end of that replenishment. This evaluation, which has the same two objectives as the first, was timed so that the final results are available to inform both MIF Donors and MIF Management about the institution's performance during MIF II.