Multilateral Development Banks Release 2007 Common Performance Assessment System Report African Development Bank

 

Tunis

March 4, 2008– Today, six major multilateral development banks (MDBs)—the African Development

Bank (AfDB), the Asian Development Bank (AsDB), the European Bank for Reconstruction and

Development (EBRD), the Inter-American Development Bank (IADB), the Islamic Development

Bank (IsDB), and the World Bank—released the third report of their Common Performance Assessment

System (COMPAS). This publication marks the consolidation of a process that began almost three

years ago when the fi rst such report was made public.

The six MDBs collectively play a major role in the international development fi nance architecture.

Like its predecessors, the 2007 COMPAS report aims to provide information on progress that these

MDBs have made on a spectrum of key performance indicators. These indicators were defi ned by

the MDBs based on relevance to their efforts to strengthen the results orientation of their respective

operations.

In releasing the report, Ferdinand Bakoup, Lead Economist at the African Development Bank Group

and coordinator of the report, stated: ”The 2007 COMPAS report shows that, since the publication

of the 2006 report, MDBs have improved on their efforts to manage for development results, both

collectively and individually. MDBs are making progress in assessing and strengthening the managingfor-

development-results capacity of borrowing member countries; strengthening their focus on results

in the design and implementation of projects and country strategies; and harmonizing their policies

and procedures. This is the fi rst time that the COMPAS report includes information on the private

sector operations of MDBs. The report also shows that the efforts of MDBs to strengthen results

orientation in their operations are also extending to their private sector activities.”