COVID-19: Early Lessons for Evaluation

@IMFNews IEO Charles Collyns: IMF Managing Director said the COVID 19 crisis is like no other. Although it’s a crisis like no others there are still lessons to be drawn from past global crisis, for example the global financial crisis.  

 @CABEI_Org Jose Deras: One of the early lessons for us was the possibility and the opportunity of the evaluation office to support the quality @CABEI_Org operations. We created a specific evaluation framework that is able to capture what the policy-based loans do.    

 @IMFNews IEO Charles Collyns: Recovery from the COVID 19 crisis will be very challenging. It will be slow and there will be reversals. There will be a need for IMF to find ways to provide external financing to these countries when the major central banks start to unwind.

Evaluation HEAD-lines is an interview series produced by the Independent Evaluation at Asian Development Bank where we speak with heads of independent evaluation to understand how they are adapting their evaluations to remain relevant in times of COVID-19 crisis.  In this edition of Evaluation HEAD-lines, Charles Collyns, Director of the Independent Evaluation Office at the International Monetary Fund (IMF) and Jose Efrain Deras, Chief of the Evaluation Office at Central American Bank for Economic Integration (CABEI) talks about some early evaluation lessons that countries and development institutions can adapt in their response to the COVID-19 pandemic. Interview by IED's Saleha Waseem.

ECG visits CABEI

Tegucigalpa, February 2020. In 2011, ECG members established a formal process for institutions applying for membership. The ECG has a three-level membership structure made up of: members, permanent observers, and temporary observers. Currently, ECG has ten members and three permanent observers. Temporary Observers are institutions in the full membership application process. CABEI has initiated this process, and the visit of the membership committee is framed within this.


The Evaluation Office handled a breakfast forum to commemorate the tenth anniversary of I-BCIE

Tegucigalpa, February 11, 2020. CABEI's Evaluation Process presents a vertical logic and identifies the cause-and-effect relationships between the intervention and the expected results (if ex ante) and obtained (if ex post). To do this, the Evaluation Methodology called GPR of the German Investment and Development Society (DEG) was adapted, in line with the principles of the Big Book of Best Practices of the Evaluation Cooperation Group (for its acronym in German). in English ECG), giving rise to the CABEI Development Impact Index (I-BCIE) that the Bank applies to each credit approval since January 2010. This index provides an analysis of the chain of results from the formulation (Evaluation baseline or ex ante) until the results achieved are quantified (Ex Post Evaluation).

It should be noted that the tool seeks to evaluate primarily the effects derived from the central objective of the intervention and to a lesser extent other indicators that could be collateral effects of it. Thanks to I-BCIE, the Bank can determine the levels of efficiency and effectiveness of project execution, their contribution to the amount of goods and services in the country where they are executed, the jobs generated and beneficiaries achieved, and include environmental and social standards in the concept of development evaluated, among other relevant data generated from the indicators established for each intervention for development.

CABEI participates in 2019 Asian Evaluation Week

Tegucigalpa, September 5, 2019.- From September 2 to 6, the Central American Bank for Economic Integration (CABEI) participated in the 2019 Asian Evaluation Week (AEW) in the city of Kunming, Republic of China.

AEW is a leading evaluation knowledge sharing event in the Asia-Pacific region, which is  jointly sponsored by the Asia-Pacific Finance and Development Institute (AFDI) and the Asian Development Bank (ADB).

In this fourth edition, experts from different regions of the world gathered to analyze the subject, "Quality evaluation for best results: local, national and regional perspectives," in which CABEI jointly led a session with the OECD denominated, "Applying quality standards to improve evaluation credibility and use (OECD-DAC/CABEI-ODE).

In addition, the Bank participated with the World Bank in the event's final plenary meeting, which focused on Regional Integration Evaluation with cases and lessons learned from Sub-Saharan Africa, Central Asia, South Asia, Europe and Latin America in such areas as infrastructure, energy, public goods, financing and policy coherence.

CABEI has participated in several international evaluation forums, such as the meetings of the Evaluation Cooperation Group (ECG) of the Multilateral Development Banks held in Rome - Italy; a platform that has served for the application of the Institution to be part of the Evaluation Cooperation Group (ECG), which was established in 1996 to promote a more harmonized approach to evaluation methodologies.

23rd Business Forum between Korea and Latin America concludes

The forum focused on cooperation opportunities by means of Korea's recent incorporation to CABEI and presented results of a number of projects executed in the region.

Tegucigalpa, November 29, 2019.- Noteworthy subjects analyzed at the 23rd Business Forum between Korea and Latin America included the outlooks for cooperation of the Republic of Korea and Central America after the incorporation of the Asian country to the Central American Bank for Economic Integration (CABEI) and the contributions that have been made to development.

Additional topics discussed included economic trends and perspectives of Latin America and opportunities for cooperation with Korea's recent incorporation to CABEI.

Attendees listened to the presentations of leading professionals, including CABEI Evaluation Office Head, Dr. José Efraín Deras, who explained about economic growth, the most promising sectors and areas and investment between the two regions, which currently is among the most dynamic in the world.

In addition, Dr. Deras highlighted CABEI's credentials as a leader in multilateral financing for the Central American region and promoter of interventions with high development impact.

The forum was organized by the Ministry of Commerce, Industry and Energy (MOTIE), the Ministry of Foreign Affairs (MOFA), the International Contractors Association of Korea (ICAK), the Korea International Cooperation Agency (KOICA) and the International Meeting Partners (IMP).