The Project Supervision System: An Evaluation of Use of Its Instruments

Abstract

Supervision at the IDB serves two main purposes. It provides the Board of Executive Directors and Senior Management with the means of managing the risks that affect Bank-financed operations and determines the extent to which such operations contribute to the accomplishment of the institution's development goals. The present evaluation (RE-293) focuses on two groups of the factors to help explain why the objectives of project supervision are often not accomplished: namely, the use of supervision instruments, and assess the extent to which they comply with the requirements established in Bank manuals and standards, and to determine how these instruments relate to the management risks associated with the execution of operations and to the internal control systems.