Multilateral Development Banks Release 2007 Common Performance Assessment System Report

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March 4, 2008 Today, six major multilateral development banks (MDBs)—the African Development Bank (AfDB), the Asian Development Bank (AsDB), the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IADB), the Islamic Development Bank (IsDB), and the World Bank—released the third report of their Common Performance Assessment System (COMPAS). This publication marks the consolidation of a process that began almost three years ago when the first such report was made public.

The six MDBs collectively play a major role in the international development fi nance architecture. Like its predecessors, the 2007 COMPAS report aims to provide information on progress that these MDBs have made on a spectrum of key performance indicators. These indicators were defi ned by the MDBs based on relevance to their efforts to strengthen the results orientation of their respective operations.

In releasing the report, Ferdinand Bakoup, Lead Economist at the African Development Bank Group and coordinator of the report, stated: ‘‘The 2007 COMPAS report shows that, since the publication of the 2006 report, MDBs have improved on their efforts to manage for development results, both collectively and individually. MDBs are making progress in assessing and strengthening the managing-for-development-results capacity of borrowing member countries; strengthening their focus on results in the design and implementation of projects and country strategies; and harmonizing their policies and procedures. This is the fi rst time that the COMPAS report includes information on the private sector operations of MDBs. The report also shows that the efforts of MDBs to strengthen results orientation in their operations are also extending to their private sector activities.’’

The 2007 COMPAS report is available on the following web sites: AfDB; World Bank; Asiand Development Bank; European Bank for Reconstruction and Development; Islamic Development Bank, and Inter-American Development Bank.