Japan Bank for International Cooperation (JBIC) has signed a memorandum of understanding (MOU) with the National Development Planning Agency (Bappenas) of Indonesia to improve monitoring, including for progress in ongoing projects and post-completed operations, and evaluation in ODA loan-financed projects.
With this agreement, JBIC aims to transfer its monitoring and evaluation know-how of ODA loan-financed projects to Bappenas, Indonesia’s foreign aid coordinating agency, through joint evaluation and other activities for efficient undertaking of these projects.
In addition, it seeks to enable the Indonesian government to establish the project cycle where lessons learned and recommendations derived from evaluations will be utilized for enhancing the development effectiveness of ODA loan-financed projects.
Specifically, JBIC and Bappenas will jointly conduct monitoring and ex-post evaluations for ODA loan-financed projects, follow up on lessons learned and recommendations derived from these activities and study ways to improve the evaluation systems of respective institutions.
To date, JBIC has conducted regular consultations with Bappenas for smooth undertaking of ODA loan-financed projects, discussing and recommending measures for effective and efficient implementation of these projects. The signing of this MOU is expected to increase their development effectiveness and sustainability by strengthening systematic monitoring.
JBIC launched ex-post evaluation in FY1975 and has since conducted an analysis and assessment of its development projects based on international criteria set out by the Development Assistance Committee (DAC) of the Organization for Economic Cooperation and Development (OECD).
JBIC has also acquired a range of knowledge related to evaluation in building up a consistent evaluation system that covers every stage, from pre-implementation to post-project completion.
Furthermore, its know-how was compiled into a textbook on evaluation to be used for human resource development at home and abroad in the area of evaluation. JBIC has conducted joint evaluations in such countries as Thailand, Indonesia, and India in an effort to transfer evaluation techniques.
In May, JBIC signed an MOU on evaluation with the National Economic Development Agency (Neda) in the Philippines.
The international community has set numerical targets to be achieved by 2015, including for poverty reduction and access to safe water, in the Millennium Development Goals (MDGs).