The Inter-American Development Bank Group (IDB Group) recently launched its 2023 Development Effectiveness Overview (DEO), which analyzes its performance, results, and impact over the previous year. The report underscores advances in mainstreaming critical topics in its new projects, including gender equality, diversity, and climate change mitigation and adaptation.

Last year, the IDB Group supported contributions to the Sustainable Development Goals (SDGs) and the improvement of the well-being of millions, including:

• 50 million beneficiaries of health services in support of SDG 3 (Good Health and Wellbeing)
• 3.8 million micro, small, and medium enterprises financed, in support of SDG 8 (Decent Work and Economic Growth)
• 1.7 million women beneficiaries of economic empowerment initiatives, in support of SDG 5 (Gender Equality)
• 16,400 public officials trained in citizen security and justice, in support of SDG 16 (Peace, Justice, and Strong Institutions)

Each year, the DEO offers an opportunity for the IDB Group—including the IDB, IDB Invest, and IDB Lab— to reflect on progress towards reaching corporate targets and the performance of its operations, as well as to share lessons learned.

As reported in the DEO, the 2020-2023 Corporate Results Framework is used to monitor progress on the Group’s institutional strategy and includes targets to drive both operational delivery and results as well as organizational management and effectiveness. With only one year remaining under the current framework, 81% of indicators have either achieved or are on track to achieve their targets. Nonetheless, some of the indicators related to development effectiveness remain off track and the Group is working to continue to enhance its development impact for the region.

The 2023 DEO reviews the IDB’s Development Effectiveness Framework, findings from projects during execution and at completion, and efforts to enhance results-based management.

In addition, the 2023 DEO highlights how IDB Invest uses its Impact Management Framework to manage the impact of its portfolio throughout the project lifecycle, including analyzing the main drivers of performance for both active and completed projects.

Similarly, IDB Lab continues to strengthen its impact measurement model, which includes capturing whether the innovations it supports are scaled, as well as learning from project failures.

Finally, generating and sharing knowledge to promote evidence-based decision-making is critical for effective development in the region. The DEO features a dedicated knowledge chapter, including a deep dive into lessons learned from the IDB Group’s work to promote financial inclusion in the region.

To learn more download the 2023 Development Effectiveness Overview (DEO).

About the IDB Group

The IDB Group is the leading source of development financing for Latin America and the Caribbean. We contribute to improving lives by providing financial solutions and development expertise to public- and private-sector clients. The Group comprises the IDB, which has worked with governments for more than 60 years; IDB Invest, which serves the private sector; and IDB Lab, which tests innovative ways to enable more inclusive growth. Take our virtual tour.