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At KfW Entwicklungsbank, evaluation means the systematic and objective assessment of an on-going or completed project, programme or policy, its design, implementation and results. The aim is to determine the relevance and fulfillment of objectives, development efficiency, effectiveness, impact and sustainability. An evaluation should provide information that is credible and useful, enabling the incorporation of lessons learned into the decision-making process of both recipients and donors.

Evaluation also refers to the process of determining the worth or significance of an activity, policy or programme. An assessment, as systematic and objective as possible, of a planned, on-going, or completed development intervention.
Last updated: July 2010
KfW Entwicklungsbank
Dept. FZ E
Palmengartenstrasse 5- 9
60325 Frankfurt
Phone: 069 74 31-45 12
Fax: 069 74 31-45 15
FZ-Evaluierung@kfw.de