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The Operations Evaluation Department (OED) is an independent unit within the World Bank; it reports directly to the Bank's Board of Executive Directors. The unit was recently renamed the Independent Evaluation Group (IEG), to reflect its new expanded mandate and pervue in evaluating activities of The World Bank Group (consisting of the World Bank, IFC, and MIGA). OED assesses what works, and what does not; how a borrower plans to run and maintain a project; and the lasting contribution of the Bank to a country's overall development. The goals of evaluation are to learn from experience, to provide an objective basis for assessing the results of the Bank's work, and to provide accountability in the achievement of its objectives. It also improves Bank work by identifying and disseminating the lessons learned from experience and by framing recommendations drawn from evaluation findings.
References
External links
- World Bank Independent Evaluation Group (formerly know as the Operations Evaluation Department) (website)
- World Bank (website)
- The Bretton Woods Project, monitoring the World Bank and IMF
- World Bank Books
- World Bank President
- World Bank Bonds Boycott
- George Monbiot
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"Operations Evaluation Department"