|Approval and Signing|
|Implementation and Follow-up|
Upon completion, Bank-assisted projects are subjected to post-evaluation. To ensure its independence and objectivity, this review is carried out by the Operations Evaluation Office (OEO), which is entirely separate from the Bank's operations departments and reports directly to the President.
OEO prepares an independent evaluation report on each project within 2-5 years of its completion. This report assesses the impact of the project and compares actual results with what had been expected at the time of project appraisal. Valuable lessons are learned over time from the successes and failures. Results and recommendations drawn from these reports are fed back into the design and implementation of future policies and financing operations.