The Evaluation function (IG/EV) of the European Investment Bank Group (EIBG) promotes accountability through evidence-based assessments of the Group’s performance and results. It also contributes to learning, feedback and knowledge sharing to inform EIB Group decisions on policies, strategies, products, projects and organisational matters, and to improve performance. IG/EV’s objectives are set out in the EIB Group Evaluation Policy.
The Evaluation Division is one of the three independent accountability and control functions under the Inspectorate General, together with the Investigations Division and the Complaints Mechanism.
This report presents IG/EV’s activity and achievements in 2023:
- IG/EV finalised three evaluations on: EIB support for the water sector outside the European Union; the FEMIP Trust Fund and the EIB’s advisory activities in the European Union. It also continued working on the EIB Group’s operations providing debt support to SMEs (small and medium-sized enterprises) and mid-caps.
- IG/EV launched four new evaluations, covering: EIB support for agriculture and bioeconomy outside the European Union; the EIB Group’s Gender Strategy; the EIB Group’s Climate Bank Roadmap; and the evaluation of a mandate in support of SMEs in the Southern Mediterranean.
- IG/EV worked on a longer-term project: the impact evaluation of an infrastructure project on gender equality in Madagascar.
- IG/EV contributed to promoting an evaluation culture within the EIB Group and beyond. Through its participation at conferences and knowledge-sharing events, IG/EV helps foster best practices and strengthens the dissemination of the results stemming from its evaluations. It also organised a conference on the role of evaluation in a rapidly changing world.
This report further presents the evaluation work programme for the coming three years (2024- 2026). The topics chosen aim to maximise the relevance and usefulness of upcoming evaluations for the Bank. The work programme for 2024 is accompanied by a cost estimate in line with the provisions of the EIB Group Evaluation Policy.