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By evaluating its operations, the EBRD is able to assess its performance and account for its decisions. The Bank looks at the outcomes of policies and projects, determines how successful they were and tries to use these lessons to improve operations in the future.
Although the Board of Directors is kept informed about the findings of Evaluation Department Reports and discusses details in the Audit Committee, it is the responsibility of the Evaluation Department to determine what is contained in the reports it releases to the public. This is necessary to ensure that the Evaluation Department is able to fulfil its important independent evaluation role in the Bank and provide lessons learned.
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