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December 2024

India: Country Portfolio Evaluation

Published by: Independent Evaluation Office, New Development Bank

The Independent Evaluation Office completed its first-ever Country Portfolio Evaluation (CPE) in 2024. The country selected for the CPE was India, in light of its substantial project portfolio financed by the New Development Bank (NDB). By the end of 2023, NDB had approved a total of 26 projects in India. These projects cover a variety of sectors, with 14 targeting improvements in road infrastructure, connectivity and urban mobility, while seven aim to bolster water and sanitation systems.  Additionally, NDB has approved five projects covering clean energy, energy efficiency, COVID-19 emergency assistance, and multi-dimensional initiatives.

The primary aim of the CPE was to assess the overarching partnership between NDB and India in fostering economic and social development. The assessment period covered activities from 2015 to the end of 2023. All projects approved within this time frame will be assessed as part of the CPE.

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