By Janardan Prasad Singh
The '2005 Annual record on Operation review' examines using details by way of global financial institution managers to enhance improvement effects and improve the effectiveness of the financial institution on the nation point. It means that higher cognizance is required to degree and deal with improvement effects on the kingdom point. this can require strengthening nations' functionality size capability. The financial institution is making development in strengthening the consequences concentration of its tracking and assessment, yet extra recognition is required to enhance functionality dimension and monitoring development.
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Extra info for 2005 Annual Report on Operations Evaluation (World Bank Independent Evaluation Group)
The ISR was introduced in January 2005, and after June 30, 2005, an ISR was requested for every active project. The success of the ISR will depend on the degree to which it addresses the challenges encountered with the PSR, which included weak incentives for its use as a management tool. To encourage more focus on, and realism in, project supervision, portfolio oversight will be included in the results agreements of country and sector managers. Monitoring AAA Remains a Challenge The 2003 AROE noted that the monitoring framework for nonlending operations is relatively weak and that measurable outcomes and performance indicators are rarely set.
The task-level tracking is a positive step for monitoring. It provides an important, albeit partial, perspective on monitoring and impact. The effectiveness of ESW and TA tasks is likely to be strengthened when the tasks are coordinated to have impact in aggregate and are strategically and operationally linked with complementary activities. While the impact of an individual task may be quite limited, the combination of strategically structured tasks could be significant. Designing ESW and TA accordingly and identifying outcomes from strategically focused work can come from strengthened country management oversight of the overall ESW and TA program.
Independent evaluation is carried out by IEG. The 2003 AROE recommended that management issue an OP/BP that sets out the mandate, framework, and roles and responsibilities for self- and independent evaluation. This OP/BP remains to be issued. Country-Level Evaluation Is Developing Country Assistance Evaluations provide the Board with an independent assessment of the 28 achievements and limitations of the Bank’s country program, usually covering up to three CAS periods, and they offer lessons learned for the preparation of the upcoming CAS.
2005 Annual Report on Operations Evaluation (World Bank Independent Evaluation Group) by Janardan Prasad Singh