The Independent Evaluation Group (IEG) is an independent unit within the World Bank Group. It reports directly to the Boards of Executive Directors, which oversee IEG’s work through the Committee on Development Effectiveness. IEG is charged with evaluating the activities of the World Bank (the International Bank for Reconstruction and Development and the International Development Association), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) and with developing international evaluation capacity.
The goal of IEG’s evaluation work is to improve the Bank Group’s ability to achieve development outcomes by providing impartial, evidence-based assessments and lessons on drivers of success and failure. IEG uses rigorous methods that triangulate findings from a cross-section of sources to provide credible evaluations with new insights. Sharing these findings, strengthening client evaluation practice, and engaging stakeholders ensures that insights are understood and necessary improvements are made.
The goals of IEG’s evaluation capacity development work are to foster international evaluation harmonization, to develop evaluation capacity in member countries, and to encourage best practices in international development evaluation.