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.

The Work Programme encompasses the evaluative initiatives planned for the forthcoming fiscal year (2026), along with a forward-looking tentative plan for the subsequent fiscal period (2027). This document presents the adjustments to evaluation activities scheduled in the current fiscal year (2025), supported by justifications that reflect changing priorities and contexts and OIE’s new vision. The changes are also due to the completion, in 2025, of the 5-year rolling WP 2020-2025, the transition in OIE leadership during the first half of 2025, and the start of a new OIE rolling WP that, from 2026 onwards, will be in 3-year cycles to reflect the more dynamic nature of global changes. The 2026-2028 WP anticipates and strategically aligns with broader milestones, including the completion of the Sustainable Development Goals and Agenda 2030, as well as the simultaneous development and upcoming entry of the Bank into a new CBD’s Strategic Plan 2026-2035.

This independent evaluation report covers two Jamaica Country Strategy and Programme (CSP) periods (2014-2 - 2016 and 2017-2021), including projects which fall under these CSPs and are completed or still being implemented.This evaluation examines the extent to which the Bank’s programme in Jamaica has achieved its intended outcomes and targets. It is intended to inform the Bank’s new Country Engagement Strategy (CES) which is expected to be finalised in 2023. The evaluation also aims to offer lessons and recommendations that may be used to course-correct CSP interventions that are still under implementation; improve development effectiveness going forward; and to provide options for the Bank’s consideration in its future engagement with Jamaica. It also serves to complement and add depth to the 2017-21 Strategy Completion Report, which was completed shortly before the evaluation started.