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.
Peer Review of the Evaluation Function of the Caribbean Development Bank
Strategy and Plans
Complete
CDB
Summary
This peer review examines the Caribbean Development Bank’s (CDB) evaluation function, which consists of the self-evaluation of the operations and the independent evaluation conducted by the Office of Independent Evaluation (OIE). The main purpose of this review is to provide insight for the renewal of the 2011 Evaluation Policy, as well as to enhance the confidence in and use of evaluations by the Board and Senior Management, with the goal of strengthening the effectiveness, efficiency, and governance of the institution. This review was done using a mixed-methods approach that builds on good-practice principles established by the Multilateral Development Banks’ (MDBs) Evaluation Cooperation Group (ECG), which emphasize independence, credibility, and utility.
