CABEI is admitted as a full member of the Evaluation Cooperation Group (ECG)
Ratifying its commitment to evaluate the impact of its operations, it implements its I-CABEI tool from project preparation and execution to start-up and closure.
Tegucigalpa, June 29th, 2022 – Consolidating its rigorous compliance with performance strategies and the application of evaluation criteria in the financed projects, the Central American Bank for Economic Integration (CABEI) was admitted as a full member of the Evaluation Cooperation Group (EGC), made up of the main multilateral development banks.
CABEI's incorporation took place at the ECG Spring Meeting held June 9-10, 2022 at the World Bank Group headquarters in Washington D.C. and was formally communicated this week by the Inspector General of the European Investment Bank (IEB), Jan Willem van der Kaaij, to CABEI's Executive President, Dr. Dante Mossi.
"CABEI's entry into the ECG is evidence of our commitment to the highest level of evaluation and this, in turn, ratifies CABEI's two key perspectives in the Multilateral Development Bank community: the highest credit risk rating in Latin America; and the highest membership in development impact evaluation," said CABEI Executive President Dr. Dante Mossi.
CABEI Development Impact Index
During the last decade CABEI has been implementing a sequential technical evaluation process, in line with International Best Practices, and since 2009 has been applying the CABEI Development Impact Index (I-CABEI) tool to each approval from preparation and formulation in the project cycle (ex-ante) through self-evaluation to progress evaluation and ex-post evaluation to verify the results obtained through the Independent Evaluation Office (ODEI).
The I-CABEI, accompanied by complementary econometric methods, makes it possible to measure the multilateral's performance at the operational, country and corporate levels, in order to measure the achievement of the institutional mandates established in its Constitutive Agreement.
The ECG, currently chaired by the Independent Evaluation Group (IEG) of the World Bank, was established in 1996 and is comprised of the following development multilaterals: the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank; and since then evaluation practice in member bank headquarters has improved considerably in light of the collaborative efforts and information sharing facilitated by participation in the ECG.