ONGOING EVALUATION. The Annual Evaluation Review (AER) is one of the flagship reports of the Asian Development Bank's (ADB's) Independent Evaluation Department (IED). It is IED's annual brief to ADB's Board, Management, and stakeholders about the state of ADB's operational effectiveness. The AER is based primarily on the findings of recent IED reports and knowledge products.

Opening remarks by ADB Vice-President Bambang Susantono at the Impact Evaluation for Development Effectiveness held 10 November 2015 in the ADB Headquarters, Manila, Philippines.

The Independent Evaluation Department of the European Bank for Reconstruction and Development has just released a new report which presents findings and ratings from its primary project evaluations circulated during the first half of 2015. 

The EBRD Summary of Project Evaluation Findings and Ratings 1H 2015 includes:

Countries increasingly see the value of investing in development programmes that promise social outcomes beyond what economic growth can deliver.

The rapid growth in much of developing Asia has reduced income poverty and moved many countries to middle-income status. To continue advancing, however, the region must tackle the increasingly complex challenges of, among others, slowing economic growth, rising inequality, runaway climate change, and weak governance.