By Janardan Prasad Singh
The '2005 Annual file on Operation review' examines using info by means of global financial institution managers to enhance improvement effects and increase the effectiveness of the financial institution on the state point. It means that larger consciousness is required to degree and deal with improvement effects on the kingdom point. it will require strengthening nations' functionality size capability. The financial institution is making growth in strengthening the implications concentration of its tracking and evaluate, yet extra consciousness is required to enhance functionality dimension and monitoring growth.
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Extra info for 2005 Annual Report on Operations Evaluation (World Bank Independent Evaluation Group)
7: How Performance Information Is Used An OECD/DAC review of results-based management in multilateral and bilateral aid agencies distinguished two uses of performance information: • • Management improvement (managing for results): Performance information: (a) promotes continuous management learning about what results are being achieved and why and (b) facilitates operational decision making (implementation, strategy and policy formulation, resource allocation, and the like). Performance reporting (accountability for results): Performance information is used to report performance and fulfill accountability to external stakeholders and internal management.
The purpose of the award is to emphasize the importance of M&E in ensuring the effectiveness of Bank assistance and to create incentives for good performance measurement and management. IEG’s Outreach and Communications Strategy is aimed at ensuring that IEG findings reach their target audiences at the right time, in the right form, and are easily accessible. 36 Recommendation 2: Communicate and disseminate findings and lessons of IEG evaluations more broadly, both inside and outside the Bank, in line with the new communications strategy.
Trust Fund and Global Program Evaluation Are Not Fully Effective The 2003 AROE noted that the evaluation framework for trust funds was partial, focused on compliance with Bank policy and donor conditionality, and needed to be strengthened. It suggested that management set guidelines for independent evaluations of large trust funds because this would be consistent with the existing practice that requires external evaluations of Development Grant Facility (DGF) grants larger than $300,000. The Trust Fund Operations (TFO) and Global Programs and Partnerships (GPP) group are currently in discussions with IEG on ways to advance M&E for trust funds and GPPs.