What does the ADB Monitoring and Evaluation Policy emphasize?

The emphasis of the ADB Monitoring and Evaluation Policy on accountability and learning in project execution is crucial for ensuring that projects are not only executed effectively but are also continuously improved through feedback and analysis. This approach underlines the importance of assessing both the outcomes and the processes involved in projects to foster an environment of transparency and responsibility.

Accountability ensures that project managers and stakeholders are answerable for their decisions and actions, promoting a culture of ownership and responsibility. Learning, on the other hand, is about deriving insights from both successes and failures, which can influence future project design and implementation. By having systems in place for monitoring and evaluation, the ADB aims to strengthen its capacity to adapt strategies, improve performance, and achieve development goals efficiently.

This focus aligns with broader principles of good governance and trade-offs that development organizations face, positioning the ADB as not only a financial entity but also as a learning organization committed to the effective use of resources to meet development objectives.