The Independent Review Panel on Evaluation at the Inter-American Development Bank (IDB, 2011) found that, since the establishment of the Office of Evaluation and Oversight (OVE) in 1999, IDB has made significant strides in meeting the good practice standards established by the Evaluation Co-operation Group (ECG) that represents the evaluation arms of the major multilateral development banks (MDBs).
At the same time, the Panel concluded that "because feedback and learning loops are weak, the IDB evaluation system is not achieving its goal of contributing to the improvement of development results." The panel noted the absence of a tracking system for recommendations from evaluations and included in its recommendations the development of such a system as a matter of urgency to improve the follow-up to recommendations. The proposed objectives for such a system focused on the panel's findings of the need for a deeper interaction between management and OVE, as well as a stronger accountability tool for the implementation of recommendations endorsed by the IDB's Board.
IDB Management and OVE started working on the Recommendation Tracking System (ReTS) system in 2012 and it was finally launched in March 2013. Protocol to guide the operation of the system and the process for the tracking of evaluations recommendations was subsequently developed. In mid-2013, Management and OVE presented to the Board of Executive Directors protocol for the implementation of a new evaluation tracking system. This review fulfills the requirement for a joint review associated with the IDB Board approval of the Protocol for Implementation of the Recommendation Tracking System (ReTS).