III ISLAMIC DE VELOPMENT BANK GROUP Book final 2.indd 6 10/21/15 2:14 PM Acronyms and abbreviations AER Annual Evaluation Report H Hijri Year AfDB African Development Bank HDE Human Development Development AfrEA African Evaluation Association HL Higher Level ARD Agriculture and Rural Development HLF4 Fourth Higher Level Forum AsDB Asian Development Bank IaDB Inter-American Development Bank BED Board of Executive Directors ICD BEP Bilingual Education Program Islamic Corporation for the Development of the Private Sector BML Bank of Maldives ICIEC Islamic Corporation for the Insurance of Investment and Export Credit BSTDB Black Sea Trade and Development Bank CAE Country Assistance Evaluation ICT Information and Communications Technology CASS Country Assistance Strategy Study ID Islamic Dinar CCD Co-operation & Capacity Development IDB Islamic Development Bank CD Country Division IDR Indonesian Rupiah CTY Country Programs Department IFAD DAC Development Assistance Committee International Fund for Agricultural Development EA Executing Agency IFC International Finance Corporation IMF International Monetary Fund EBRD European Bank for Reconstruction and Development INF Infrastructure ECG Evaluation Cooperation Group IPDET EIB European Investment Bank International Program for Development Evaluation Training EIRR Economic Internal Rate of Return IRTI Islamic Research and Training Institute EPZ Export Processing Zone ISESCO Islamic Educational, Scientific and Cultural Organization FIRR Financial Internal Rate of Return ISFD Islamic Solidarity Fund for Development FOC Fiber Optic Cable ISO FPB Fast Patrol Boats International Organization for Standardization G Gregorian Year ITFC International Islamic Trade Finance Corporation Gbps Gigabits per second JICA Japanese International Cooperation GCC Gulf Cooperation Council km Kilo meter GDP Gross Domestic Product kV Kilo Volt GER Gross Enrolment Rate KWh Kilowatt-hours GOE Group Operations Evaluation LDMC Least Developed Member Country GPEDC Global Partnership for Effective Development Cooperation LIBOR London Interbank Offered Rate GPS Good Practice Standards M&E Monitoring and Evaluation GOS Government of Senegal MC Member Country MCPS Member Country Partnership Strategy GOI Government of Indonesia IV A N N U A L E VA L U AT I O N R E P O R T F O R T H E Y E A R 1 4 3 5 H Book final 2.indd 7 10/21/15 2:14 PM MDB Multilateral development bank MDG Millennium Development Goals MENA Middle East and North Africa MFI Micro Finance Institution Mg Million Gallon MT TAP Technical Assistance Program TAPER Technical Assistance Project Evaluation Report UN United Nations UNEG United Nations Evaluation Group Metric Tons UNESCO United Nations Educational, Scientific and Cultural Organization MTBP Medium Term Business Plan UNICEF United Nations Children’s Fund MTBS Medium Term Business Strategy US$ US Dollar MW Mega Watt WP Work Program NCB National Competitive Bidding WTO World Trade Organization NGO Non-Governmental Organization OC Operations Complex OCR Ordinary Capital Resources of IDB OECD-DAC Organization of Economic Cooperation & Development – Development Assistance Committee OIC Organization of Islamic Cooperation OIF International Organization of Francophone Countries Op Operation OPSD Operations Policy and Services Department PCR Project Completion Report PDU President Delivery Unit PIASR Project Implementation Assessment and Support Report PL Project Level PMU Project Management Unit PPER Project Post Evaluation Report PPP Public Private Partnership QaE Quality at Entry SDG Sustainable Development Goals SME Small and Medium Enterprise SMW-4 South East Asia-Middle East- Western Europe-4 (SMW-4) SPE Special Assistance Operation SSA Sub-Saharan Africa TA Technical Assistance V ISLAMIC DE VELOPMENT BANK GROUP Book final 2.indd 8 10/21/15 2:14 PM A N N U A L E VA L U AT I O N R E P O R T F O R T H E Y E A R 1 4 3 5 H EXECUTIVE SUMMARY During the year, the GOE Department carried out post-evaluations for 23 projects financed from the Ordinary Capital Resources (OCR) of the Bank across various sectors in 17 different countries.

The need for evaluating the Bank's activities has been stated in Article of the Articles of Agreement of the Bank which stipulates: “The Bank shall take necessary measures to ensure that financing made available by it is used strictly for the purposes for which it was provided.” 1.4 The evaluation function of the Bank was initiated in 1991 with the establishment of the Operations Evaluation Office (OEO). ... Organizational Independence: Organizational independence is critical in avoiding Management control and interference from business units designing and implementing development interventions.