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Measuring Impacts -- The Experience of the EIB-GDN program

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The European Investment Bank (EIB) has been investing in Africa since 1963, placing the measurement of development impact at the very core of its business approach. The Global Development Network (GDN) and the EIB partnered on an impact research program, which deepened the EIB’s insight into its contribution to sustainable and inclusive development in Africa and the Caribbean. The EIB-GDN program worked with local researchers and helped them develop their skills, while drawing on the technical know-how of top international experts.

This book discusses lessons learnt and opportunities for future work of the three-year partnership between GDN and the European Investment Bank. It tells of how the EIB-GDN program in Applied Development Finance applied rigorous evaluation techniques to ongoing private investments in developing countries, while building local research capacity. The program innovated in three major ways: It used academic research techniques to study the development impact of ongoing private-sector investments, built capacity for evaluative research in developing countries, and offered an opportunity to boost accountability and development effectiveness.

Name of the Asset | Measuring Impacts – The Experience of the EIB-GDN program

Type of Asset | Book

Date |  2021

Authors | François Bourguignon (Emeritus Professor at the Paris School of Economics and École des hautes études en sciences sociales, and former Chief Economist and Senior Vice President at the World Bank), Shahrokh Fardoust (Research Professor, Global Research Institute, College of William and Mary, United States), Pierre Jacquet (President of the Global Development Network, member of the French Cercle des Economistes), Emmanuel Jimenez (Senior Fellow, International Initiative for Impact Evaluation 3ie), Arianna Legovini (Head of Development Impact Evaluation at the World Bank), Matt Ripley (The Good Economy), Alexandros Sarris (Emeritus Professor of Economics, National and Kapodistrian University of Athens, Greece), Claudio Cali (Associate Economist, EIB), Nina Fenton (Senior Economist, EIB) and Debora Revoltella (Director of the Economics Department, EIB).

Country and/or Region | Africa, The Caribbean and The Pacific (ACP) countries

Name of the Program | EIB-GDN Program in Applied Development Finance

Download | Download the full book.