The global extreme poverty rate hasfallen by half since 1990, but progress within thedeveloping world has been uneven. Extreme poverty remainswidespread in most low-income countries while manymiddle-income countries also continue to have substantiallevels with many people there who have escaped extremepoverty remaining poor and vulnerable. Nor has there beenrobust progress in sharing prosperity: in many developingcountries rapid growth has been accompanied by risinginequality, often with a geographic and ethnic dimension asprogress in isolated areas has lagged behind. This appendixdescribes select elements of the evaluation systems in theWorld Bank, the International Finance Corporation (IFC), andthe Multilateral Investment Guarantee Agency (MIGA) that arethe basis for this report. They illustrate commonalities aswell as differences in evaluation practices across theinstitutions. The World Bank, IFC, and MIGA differ in theinstruments and approaches they use to achieve developmentresults. Each institution has an evaluation system tailoredto its needs. In each organization, the evaluation systemcomprises different components, self-evaluation, independentevaluation, and validation of self-evaluation.
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