The Office of Independent Evaluation's (OIE's) Annual Report on Evaluation 2025 documents a defining year of transition and transformation for the Caribbean Development Bank's (CDB's) evaluation function. The report covers the renewal of CDB's Evaluation Policy - approved by the Board in December 2025 - and the development of two new operational manuals guiding independent and self-evaluation. It presents OIE's work across six interconnected streams: governance and systems, conducting evaluations, building evaluation culture and capacity, partnerships and networks, follow-up on recommendations, and communication and knowledge dissemination. Key highlights include completed country and corporate evaluations, the launch of a pilot Real-Time Evaluation in Guyana, the establishment of the inaugural Evaluation Advisory Committee, and the start of a regional capacity-building partnership with CLEAR-LAC. The report also outlines OIE's vision to 2030 and priorities for the new 2026-2028 Work Programme.
2025 CDB Evaluation Policy
Evaluation Policy
Complete
CDB
Summary
The Evaluation Policy of the Caribbean Development Bank (CDB) sets out the principles that guide a strong, independent evaluation function: supporting learning, accountability, evidence‑based decision‑making, and transparency across the Bank. Updated to reflect CDB’s core values, lessons learned since the first policy in 2011, and significant advances in global evaluation practice, the policy responds to the 2024 external peer review’s call for urgent revision. The result is a modern, forward‑looking policy aligned with internationally accepted evaluation standards.
