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The global extreme poverty rate has
fallen by half since 1990, but progress within the
developing world has been uneven. Extreme poverty remains
widespread in most low-income countries while many
middle-income countries also continue to have substantial
levels with many people there who have escaped extreme
poverty remaining poor and vulnerable. Nor has there been
robust progress in sharing prosperity: in many developing
countries rapid growth has been accompanied by rising
inequality, often with a geographic and ethnic dimension as
progress in isolated areas has lagged behind. This appendix
describes select elements of the evaluation systems in the
World Bank, the International Finance Corporation (IFC), and
the Multilateral Investment Guarantee Agency (MIGA) that are
the basis for this report. They illustrate commonalities as
well as differences in evaluation practices across the
institutions. The World Bank, IFC, and MIGA differ in the
instruments and approaches they use to achieve development
results. Each institution has an evaluation system tailored
to its needs. In each organization, the evaluation system
comprises different components, self-evaluation, independent
evaluation, and validation of self-evaluation.
