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(25) Overseas Subsidiaries(5) Liaison Officer(6)

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EVALUATION

Overview Classification of Evaluations Evaluation Activities
throughout 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 must be conducted impartially, preventing any biased perspectives from influencing the evaluation process, including fact-checking, analysis, and conclusion formulation.
2. Independence Evaluations must be conducted independently from the policy-making and project implementation processes, and the interests of the evaluators must not influence the evaluation results.
3. Credibility Evaluations must be conducted through transparent procedures by evaluators who possess expertise and independence.
4. Usefulness Evaluation findings must be presented clearly and concisely on time 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 In evaluations, the participation of other donor countries, agencies, and partner countries should be encouraged, and the possibility and appropriateness of joint evaluations should be examined.

Evaluation Criteria

Evaluation Criteria
1. Relevance The extent to which EDCF projects align with the policy priority of partner countries, meet the demands of beneficiaries, and correspond with the policies of donor countries. The evaluation assesses whether the objectives and design of the support activities are appropriate and feasible.
2. Efficiency The extent to which EDCF projects are implemented economically and in a timely manner within allocated resources and deadlines. This involves evaluating how much the project costs, whether the objective of the project is achieved within the planned timeframe, and whether the actual implementation method is more efficient compared to alternative approaches.
3. Effectiveness The extent to which the objectives and outcomes of EDCF project are achieved, or is expected to achieve.
4. Impact This evaluation assesses the direct and indirect regional, social, economic, and environmental changes resulting from the EDCF projects, covering both positive and negative changes, as well as intended and unintended outcomes.
5. Sustainability The extent to which the net benefits of EDCF projects continue to be generated operationally, maintained, and sustained in terms of finance and environment, even after donor support has ceased. It assesses the extent to which project effects can persist after support ends and identifies key factors influencing project sustainability.
6. Coherence The extent to which EDCF projects positively interact with the activities of other aid agencies in terms of global development goals, aid harmonization, and policy coherence.
OECD DAC Evaluation Principles / Criteria