As members of the Independent Review Panel appointed by the Inter-American Development Bank Group’s Executive Board, we are undertaking an independent review of IDBG’s evaluation function. The review focuses on the quality and relevance of the work undertaken by IDB’s Office of Evaluation and Oversight (OVE), OVE’s working relations with the Board and the Bank’s Management, and connections with the Bank’s self-evaluation system. A comparator study to identify best practices among other MDBs is also included.