1 V Konferencja Ewaluacyjna Warszawa, Werner Schmidt Operations Evaluation The role of ex-post evaluation an EIB perspective

The role of ex-post evaluation an EIB perspective Werner Schmidt – Operations Evaluation

35th Evaluation Conference - Warsaw 23/10/2009 Presentation outline EIB STRUCTURE, OBJECTIVES & LENDING EX-POST EVALUATION AND THE PROJECT CYCLE EV Scope and objectives Methodology and criteria Impact on the Bank and future trends

45th Evaluation Conference - Warsaw 23/10/2009 The European Investment Bank (EIB) Long-term Finance Promoting European Objectives European Union’s long-term lending bank set up in 1958 by the Treaty of Rome. Shareholders: 27 EU Member States Objectives within the Union: Cohesion and convergence Small and medium-sized enterprises (SMEs) Environmental sustainability Knowledge Economy Trans-European Networks (TENs) Sustainable, competitive and secure energy Objectives outside the Union – support EU policy

55th Evaluation Conference - Warsaw 23/10/ Key Figures European Union:EUR 51.5bn Partner countries:EUR 6.1bn Total lending:EUR 57.6bn Borrowings:EUR 59.5bn Subscribed capital EUR 232.4bn (at 01/04/2009) Lending target 2009EUR 70 bn

65th Evaluation Conference - Warsaw 23/10/2009 EIB Lending

75th Evaluation Conference - Warsaw 23/10/2009 Loan signatures in the EU in 2008 (EUR m)

85th Evaluation Conference - Warsaw 23/10/2009 Ex-post evaluation at the EIB EV Scope and objectives Methodology and criteria Impact on the Bank and future trends

95th Evaluation Conference - Warsaw 23/10/2009 The European Investment Bank (EIB) Ex-post Evaluation and the project cycle EV is independent and carries out ex-post evaluations, focusing on how the Bank conducts its operations within the framework of EU policies ( the Treaty, Directives, Council decisions, mandates etc.) and the decisions of the EIB Governors. The ultimate objective is to identify aspects, which could improve : the accountability (EIB management), transparency (stakeholders) and operational performance (lessons learned) of the Bank’s activities in future projects.

105th Evaluation Conference - Warsaw 23/10/2009 Ex post evaluation feeding back into the project cycle Lending Strategy Identification Selection Appraisal Contract negotiations Implementation Monitoring Self-evaluation Independent Ex-post Evaluation Time frame: self evaluation, ex post, ongoing evaluation, mid term

115th Evaluation Conference - Warsaw 23/10/2009  Individual and/or thematic evaluations  Strategy / mandate evaluations  Mid-term reviews  Joint donor evaluations  Scope of activities Type of evaluations and activities

125th Evaluation Conference - Warsaw 23/10/2009  OECD/DAC criteria  ECG Standards  Illustration of evaluation criteria used Relevance (first pillar of value added) Project performance (second pillar) = Effectiveness, Efficiency, Sustainability and environmental impact EIB contribution (third pillar) EIB management of the project cycle EIB’s Investment Profitability Evaluation methodologies and results

135th Evaluation Conference - Warsaw 23/10/2009 Relevance Effectiveness Efficiency Sustainability Environmental impact MDB’s Investment Profitability MDB’s contribution MDB’s Work Quality Selective use Performance of the operation or additionality Illustration of main criteria used

145th Evaluation Conference - Warsaw 23/10/2009 EU policies – EU objectivesCountry objectives EIB strategies Project objectives Relevance

155th Evaluation Conference - Warsaw 23/10/2009 Second pillar of value added 1.Effectiveness 2.Efficiency 3.Sustainability 4.Environmental and social impact Project performance

165th Evaluation Conference - Warsaw 23/10/2009 How do we measure project results ? Effectiveness – work duration

175th Evaluation Conference - Warsaw 23/10/2009 How do we measure project results ? Efficiency - Economic Rate of Return (ERR)

185th Evaluation Conference - Warsaw 23/10/2009 Contribution of the EIB 1.Financial contribution Financial terms Catalytic effects 2.Institutional and technical contribution Conditions Technical assistance Expertise: financial and/or technical Project performance

195th Evaluation Conference - Warsaw 23/10/2009  Type of reporting  Internal dissemination  External dissemination :  Disclosure and confidentiality  Annual reporting  Communication:  EV website: intranet and internet  And use: Follow-up on recommendations Reporting, Communication, Dissemination

205th Evaluation Conference - Warsaw 23/10/2009 Evaluation activity – impact on Bank operations Revision/Update of EIB strategies in specific sectors Improved dissemination of EIB expertise Improved management of the project cycle: ensure strict handling of contractual clauses ensure quality of PCR respect of guidelines on environment

215th Evaluation Conference - Warsaw 23/10/2009  More on the Role of the EIB  More on joint evaluations  More on learning/dissemination Evaluation trends for the future

225th Evaluation Conference - Warsaw 23/10/ Further information under