IEG-IFC’s Terms of Reference

A new mandate for the Director-General, Evaluation (DGE) was approved in November 2005 and includes Terms of Reference for IEG-IFC, IEG-WB and IEG-MIGA. IEG-IFC’s Terms of Reference [PDF] established a stronger degree of independence and puts it in a better position to carry out evaluation in a more integrated way with the other two independent evaluation units. It also increases the potential to develop synergies across the WBG.

Under IEG-IFC’s Terms of Reference, the Director, IEG-IFC is responsible for the independent evaluation function for IFC and assists the DGE in carrying out the DGE’s mandate. IEG-IFC’s independent evaluation work encompasses:

Evaluating operational programs and activities, including investment and technical assistance and advisory operations, and the strategies, policies and procedures that relate to them with particular attention to the achievement of agreed objectives for private sector development and the effects of investment activity.

Assessing the quality and usefulness of IFC's evaluation processes and products, and participating in the formulation and continuous improvement of appropriate evaluation policies, practices and instruments.

Identifying and disseminating lessons and making recommendations drawn from evaluation findings to contribute to improved operational performance, accountability for results, and corporate transparency.

For more information, please, see IEG-IFC’s Terms of Reference or the full DGO Mandate and Terms of Reference (November, 2005) [PDF].