Highlights from 2025 Evaluations and Project Completion Validation Reports 2023 - 2025

This document presents a synthesis of the main findings and lessons learned from evaluations completed in 2025 and published in early 2026, as well as from Project Completion Validation Reviews (PCVRs) conducted between 2023 and 2025. Together, these sources provide a consolidated view of the evidence emerging from the Caribbean Development Bank's recent evaluation portfolio.The evaluations and PCVRs offer important insights into what is working well, where challenges persist, and what lessons can be drawn to strengthen future programming. They provide evidence for the Bank, its Borrowing Member Countries (BMCs), and the Board of Directors to inform decision-making, enhance development effectiveness, and strengthen the design and implementation of future interventions.

Real Time Evaluation of the Water Supply Improvement Project Guyana

The Real-Time Evaluation (RTE) of the Water Supply Improvement Project (WSIP) was designed as a learning oriented, decision-support exercise embedded in the project’s implementation phase.

Evaluation of Policy-Based Lending Operations at the Caribbean Development Bank 2017-2025

The Caribbean Development Bank (CDB) has extensively made use of Policy-Based Lending (PBL) as a strategic instrument to support macro-fiscal stability, institutional reform, and resilience-building across its Borrowing Member Countries (BMCs).

Evaluation of the Caribbean Development Bank Saint Lucia Country Engagement Strategy 2020-2023

This evaluation examines the Caribbean Development Bank’s (CDB) Country Engagement Strategy (CES) for Saint Lucia for the period 2020–23, including activities designed and implemented until December 2024.

Formative Evaluation of the Youth Policy and Operational Strategy and Youth-Related Operations 2020-2025

The primary purpose of this formative evaluation is to provide insights to enhance the ongoing development and implementation of the Caribbean Development Bank’s Youth Policy and Operational Strategy (YPOS).

Annual Report on Evaluation 2025

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.

Project Completion Validation Reports 2025

A compilation of Project Completion Validation Reports (PCVRs) for 2025 conducted by the Office of Independent Evaluation (OIE) for the following projects.

Synthesis Study on Lessons Learned from the Basic Needs Trust Fund

The Basic Needs Trust Fund (BNTF) serves as the Caribbean Development Bank’s (CDB’s) primary poverty-reduction instrument and has demonstrated ongoing success.

2025 CDB Evaluation Policy

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.

Project Completion Validation Reports 2024

A compilation of Project Completion Validation Reports (PCVRs) for 2024 conducted by the Office of Independent Evaluation (OIE) for the following projects.