At the Inter-American Development Bank we are devoted to being the best development partner for Latin America and the Caribbean. To that end we ensure that every project meets the highest quality standards in each stage of the project: design, implementation and completion. In 2014 we approved 105 loans for the public sector, for a total of US$11 billion and 63 loans for the … [Read more...] about A Constant Pursuit of Development: Lessons from the IDB to the World
Failure
18 ways to fail
Lately in my daily commute, I have been listening to audio books. This past couple of days it has been Flash Boys by Michael Lewis. The book is about how high frequency traders game the stock market exchanges - very complex systems - by front running purchase orders by a millionth of a millisecond. “Front running” is like tapping the right shoulder of the person in front of … [Read more...] about 18 ways to fail
Failing successfully
By Belissa Rojas The race for accountability, transparency and clear results is creating incentives to report the positive: demonstrating that project outputs were delivered, and in the best case, that the interventions had the desired impact. A quick look at the monitoring, evaluation and reporting systems from the MDBs shows that there are clear incentives to … [Read more...] about Failing successfully
Learning from failure
Failing is embarrassing and inevitable. It is for that reason that is very refreshing to find organizations that want to learn from failure, where failure is recognized and built upon, like the Canadian NGO Engineers Without Borders, led by David Damberger, and which produces an Annual Failure Report. A good reason for the flourishing of Impact Evaluations is the … [Read more...] about Learning from failure