Setting output indicators in the design and monitoring framework (DMF) that are the same or identical to policy actions confuses inputs with intended changes generated by policy actions. IED notes that this has been a standard practice for policy-based loans (PBLs) approved under previous ADB guidelines for preparing DMFs. However, going forward, specifying indicators that clearly measure the intended changes of policy actions would facilitate a better assessment of results.
Project Name
Third Capital Market Development Program
Project Number
45253-002
Report Date
Report Source
Validation of self-evaluation
Country
Applicability
Project Cycle Stage
Preparation