Operations Evaluation carries out independent ex post evaluations of EIB and EIF activities with two aims:
- Accountability: to assess whether our activities have been in line with our policy mandates and the strategies that have derived from them, and if these activities have delivered as expected.
- Lessons learned: identifying possible areas of improvement that can be applied to Group activities to increase performance in the future.
EV work is carried out mainly at a thematic level. This can be by sector, mandate or financial product. Geographical scope is usually by region or sub-region, meaning that reports will deal with the EU or the Mediterranean (FEMIP) as a whole, rather than individual nations. Temporal scope is typically 10 years, but this could be revised.
The evaluation criteria for the EIB follow internationally accepted standards. In accordance with the criteria defined by the OECD Evaluation Network and adopted by the Evaluation Cooperation Group (ECG), we look at Relevance, Effectiveness, Efficiency and Sustainability. More specifically to EIB and EIF operations, EV examines the management of the project cycle.
Further information about Evaluation can be found in the EIB Group Evaluation Policy.