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October 2009 - Simply Results - Issue N°2
In a coordinated effort among field offices, regional departments and sector departments, 96 percent of the African Development Bank’s project completion reports (PCRs) for 2008 were posted on time.
“The Bank has been striving to improve its timely completion reporting coverage for many years now,” explains Lisandro Martin of AfDB’s Quality Assurance and Results Department (ORQR). “But the progress the Bank has made in the past year surpassed even our most optimistic expectations.
” The Bank has had a long-standing policy to prepare a completion report within six months of closing for every AfDB-financed operation. Important tools for self-assessment, completion reports are also the Bank’s building blocks for communicating results to shareholders and accumulating knowledge in the institution.