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Do we learn more when we make mistakes?

 

In 2013 the Inter-American Development Bank financed 168 projects for a total of 14 billion dollars. Every day we ask ourselves if our projects are contributing to the well-being of the people in the region. If our projects failed or succeeded or if the information and methods with which we try to measure the gains or losses are rigorous and, of course, accurate.

These are some of the questions we try to answer with our “Development Effectiveness Overview” report. The IDB’s flagship report produced to show the results and impact of our work in Latin American and the Caribbean.

The central theme of this year’s report is learning. The IDB seeks to and must learn from the good and the bad results of its work. In this context, this year’s report includes several articles on our learning in operational experience, the way in which we measure ourselves, and how we measure the effectiveness of our work.

The report is a compendium of data that broadly reflects the results of the Bank’s work. But we wanted to go beyond that and show how the figures reflect projects that are under way every day in Latin America and the Caribbean. For this purpose we tell, in simple language, 45 stories ranging from the expansion of access to electricity in isolated communities in Guatemala, to the improvement of solid waste management in Belize, to a project that promotes ecotourism in Brazil, to another that seeks to support Caribbean countries efforts in mitigating the effects of climate change.

We care very much about results, and we care a lot about measuring them rigorously. For this reason we also report on the results of ten impact evaluations on projects that had Bank funding.

I hope you read it, enjoy it and tell us in the blog’s comment area what you like and what we could improve. We want to continue to learn.

For more information, this post was previously published on the IDB blogs, Hacia el desarrollo efectivo and Development that Works.

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    Jay
    June 11, 2014 Reply

    :-))!!!!!!!

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