We operate independently from the EIB Group’s operations and submit reports without change or delay to the EIB and/or EIF Board(s) of Directors, following EIB Management Committee and/or the EIF Chief Executive discussions.
We carry out independent evaluations of EIB and EIF activities with twomain objectives:
Accountability: to see if Group activities have been in line with policy mandates and the strategies that followed from them, and if they delivered as expected.
Learning: we help to identify possible areas of improvement that can be applied to Group activities to increase performance in the future.
Evaluation contributes to forging a culture of responsibility and learning in the EIB Group.
We aim to ensure our evaluations are relevant, timely, and accessible to support organisational learning, decision-making and accountability. To be useful, evaluations must be designed and conducted to meet the specific needs of identified stakeholders.
Our institutional set up ensures our organisational and behavioural independence, freedom from outside interference, and avoidance of conflict of interest.
We defines our own work programme and report directly to the EIB and EIF Boards of Directors. Our reports are submitted without change or delay to the EIB and/or EIF Board(s) of Directors, following EIB Management Committee and/or the EIF Chief Executive discussions.
We interact continuously with stakeholders within and outside the Bank. These exchanges ensure that the information collected is comprehensive and valid, and findings understood. We strive to ensure our conclusions and recommendations are relevant, useful and timely. Our evaluation insights are widely shared with internal and external audiences to inform decision-making.
The EIB Group Evaluation Policy
Evaluation is indispensable for an institution carrying out a public mandate, such as the EIB Group. It ensures the institution remains accountable and learns from experience, to continuously improve its work.