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.