Korea Exim Global Network
KOREAN

EDCF - Economic Development Cooperation Fund

ABOUT EDCF WHAT WE DO PUBLICATION & DATA NEWS & FAQ
Korea Exim Global Network
KR

ABOUT EDCF

WHAT WE DO

PUBLICATION & DATA

NEWS & FAQ

Success partner for your global takeoff,
The Global Network of Korea Eximbank.

Global Asia Europe America Africa
Representative Office(24) Overseas Subsidiaries(5)

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EVALUATION

Overview Classification of Evaluations Evaluation Activities
through Project Cycle

Definition and Purpose of Evaluation

An evaluation is an assessment, as systematic and objective as possible, of an on-going or completed project, programme or policy, its design, implementation and results.
The main purposes of evaluations are i) to improve future policy, programmes and projects through feedback of lessons learned and ii) to provide a basis for accountability, including the provision of information to the public.

Evaluation Principles

Evaluation Principles
1. Impartiality Evaluations should avoid bias in findings, analyses and conclusions and should be carried out in consideration of the different perspectives of the various interested parties.
2. Independence The evaluation process should be independent from the process concerned with the policy making, the delivery and the management of development cooperation.
3. Credibility Evaluations should be conducted transparently by the independent expertise. Credibility also requires that evaluation should report success as well as failures.
4. Usefulness Evaluation findings must be presented timely in a clear and concise way to have an impact on decision making. They should fully reflect the different interests and needs of the many parties involved in development cooperation. Easy accessibility is also crucial for usefulness.
5. Partnership Both donors and recipients should be involved in the evaluation process, if possible. Involving all parties concerned gives an opportunity for learning by doing and will strengthen skills and capacities in the recipient countries. Also, collaboration between donors is essential in order to learn from each other and to avoid duplication of effect.

Evaluation Criteria

Evaluation Criteria
1. Relevance The extent to which the intervention objectives and design respond to beneficiaries, global, country, and partner/institution needs, policies, and priorities, and continue to do so if circumstances change.
2. Efficiency The extent to which the intervention delivers, or is likely to deliver, results in an economic and timely way.
3. Effectiveness The extent to which the intervention achieved, or is expected to achieve, its objectives, and its results, including any differential results across groups.
4. Impact The extent to which the intervention has generated or is expected to generate significant positive or negative, intended or unintended, higher-level effects.
5. Sustainability The extent to which the net benefits of the intervention continue, or are likely to continue.
6. Coherence The compatibility of the intervention with other interventions in a country, sector or institution.
OECD DAC Evaluation Principles / Criteria