World Bank Director-General Evaluation

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The World Bank Director-General Evaluation (DGE) oversees the work of three units of the Independent Evaluation Group (IEG): IEG-World Bank evaluates IBRD and IDA support to countries' overall development; IEG-IFC evaluates Bank Group activities that focus on contributions to private sector development and on strengthening the business climate; and IEG-MIGA evaluates the impact of Bank Group political risk guarantees and technical assistance aimed at improving foreign direct investment to developing countries. These three units, under the overall guidance of the Director-General, disseminate their findings with the aim of enhancing the Bank Group's development effectiveness. The Director-General also works closely with development partners to foster international evaluation harmonization, strengthen evaluation capacity in developing countries, and encourage evaluations of the international development system.

The World Bank is an international financial institution that provides loans to countries of the world for capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group.

The Independent Evaluation Group (IEG) is an independent unit within the World Bank Group charged with objectively evaluating the activities of the International Bank for Reconstruction and Development (IBRD) and International Development Association, the work of International Finance Corporation (IFC) in private sector development, and Multilateral Investment Guarantee Agency's (MIGA) guarantee projects and services to provide accountability, and determine what works, what doesn't and why. The head of IEG, the Director-General, Evaluation, reports directly to the Bank Group’s Board of Executive Directors and not to Bank Group management.

International Finance Corporation

The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in developing countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C.. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable.

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This position is currently held by Caroline Heider as of October 2011.

List of World Bank Director-Generals of Evaluation

Vinod Thomas Indian banker

Vinod Thomas was Director General of Independent Evaluation at the World Bank and at Asian Development Bank. He reported to the World Bank's and ADB’s Board of Directors through development effectiveness committees.

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