The Office of Evaluation and Oversight (OVE) is an independent body of the Inter-American Development Bank (IDB), responsible for externally evaluating IDB's projects and performance. The evaluations are aimed at promoting institutional learning and improving IDB's development effectiveness.
OVE was created in 1999 when the evaluation function in the IDB was redesigned after a thirty-year history. OVE gained independence from IDB’s Management and has reported solely and directly to the Board of Executive Directors. To ensure its independence, OVE has organizational and behavioral independence, and is free from external pressure and conflicts of interest according to the criteria established by the Evaluation Cooperation Group (ECG), of which the IDB is a founding member.
OVE undertakes independent and systematic evaluations of IDB's strategies, policies, programs, activities, delivery support functions and systems. It disseminates findings of these evaluations so that recommendations for improvement can be used in the design, appraisal and execution of new operations. The Office also provides normative guidance on evaluation issues and contributes to evaluation capacity building in the Latin American and the Caribbean region. In recent years, OVE has increased its efforts to improve evaluation training among regional governments through the CLEAR Initiative.
Last updated: April 2014