Independent External Evaluation of the Debt Management Facility for Low Income Countries (DMF)

The World Bank commissioned Universalia to carry-out this Independent External Evaluation of the DMF for Low Income Countries (LICs). The objectives of this evaluation were to 1) analyze the context within which DMF is operating and the implications for its overall performance; 2) evaluate results achieved during the first three years of DMF operations (November 2008 to May 2012) in strengthening debt management capacity of client countries and implementing partners; 3) evaluate the appropriateness and effectiveness of the governance and management of the DMF; and 4)identify areas for improvement in DMF activities, management, governance and operations as required, as well as lessons learned. The evaluation assessed DMF performance thorough a sample of 29 countries engaged with the DMF, including in-depth site visits to Bangladesh, Malawi, Senegal and Washington D.C., including in-depth site visits to Bangladesh, Malawi, Senegal and Washington D.C.