January, 2020

This paper provides EvD’s initial contribution to the Management review as directed by a first-ever “Independent External Evaluation of EBRD's Evaluation System” (Kirk Report). It consolidates analysis, findings and recommendations that EvD has largely provided in other contexts and that are directly relevant to the Kirk findings and Management’s work ahead. The objective is to contribute in an advisory capacity to a wider Management-led process in which EvD will also be systematically engaged. It also seeks to inform the Board and assist it to provide effective guidance for further system development. Overall, however, the findings and insights that are already available – from the Kirk Report, from the accumulated work of EvD, and from relevant experience across the IFI system -- provide a high-value basis on which Management can proceed.