The Evaluation Policy was approved by the Board in January 2013 to strengthen evaluation practices within the Bank. It establishes the scope and objectives served by evaluation in the EBRD.
The Policy outlines the evaluation-related activities and responsibilities of the Evaluation Department (EvD), Management, and the Board of Directors (the Board) and any subordinate bodies designated by the Board. It sets out the principles guiding evaluation in the EBRD and the specific internal roles and responsibilities required to accomplish effective evaluation.
The Policy also provides the essential framework for procedures and methods, and it specifically covers response by Management to evaluation findings, access to information, utilisation of findings, internal circulation and external disclosure. In addition, it makes specific provisions pertaining to the Chief Evaluator, the EvD work programme and budget, and EvD staff.