Dr. Xiaochen HOU

Center for BRICS Studies, Fudan Development Institute, Fudan University

Multilateral Development Banks (MDBs) are essential players in international development, and various parties are now questioning their role. While providing global public goods, MDBs are affected by their governance structures, lending countries, and borrowing countries. This paper analyzes the role of MDBs from the perspective of development effectiveness, compares and contrasts the evaluation mechanisms of MDBs, and points out that MDBs should closely integrate their development objectives with their policy frameworks to develop corresponding evaluation indicators. Through evaluation, MDBs can control the project process and gradually achieve development goals, thus playing a more significant role in international development. It is suggested that NDB should design a sound evaluation system with flexibility and also need close cooperation with the existing MDBs. It will be an excellent way to improve the evaluation work efficiently and effectively if projects of the same category and the Host Country's relevant data and background information can be shared among these MDBs.

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