Indicators to measure the results of EIB operations must differ inside and outside EU
Briefing | 10 February 2014
This briefing presents concern regarding the proposal to formalise one set of result measurement indicators for operations inside and outside of Europe. The EIB has worked now since 2012 on a framework for assessing and measuring development results for operations outside the EU called the Results Measurement Framework (REM). After its 2012 capital increase, the EIB began a revision of the Value-Added (VA) assessment of the bank’s operations within the EU and Pre-Accession countries. As a result, the Three Pillar Outcomes Assessment (3PA) was implemented in 2013. The EIB has announced its intentions to unify the different frameworks into one set of indicators under the 3PA. Bankwatch does not believe such an approach will enable the EIB to meet its objectives for operations outside the EU.