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Evaluation of Policy-Based Operations in the African Development Bank, 1999-2009
This independent evaluation of policy-based operations (PBOs) was undertaken by the Operations Evaluation Department (OPEV) of the African Development Bank to examine how effectively PBOs have been used by the Bank over the period 1999 to 2009. The main focus of the evaluation is on the Bank’s own policies and procedures for the design and implementation of PBOs, and howthey compare with the experience of other development agencies and with emerging international best practice. The results of the evaluation will help to inform a new AfDB policy on PBOs, which is currently being developed.