Decision 56/8

The Executive Committee decided:

1. To approve a reduced budget of US $75,000 for the implementation of the 2009 monitoring and evaluation work programme, in view of the departure of the Senior Monitoring and Evaluation Officer at the end of 2008. The Secretariat, with the assistance of an interim Monitoring and Evaluation Officer and consultants, should finalize activities under way, specifically the preparation of the extended desk study on the evaluation of chiller projects, the final report on the evaluation of terminal phase‑out management plans, the consolidated project completion report for the year 2009, the multi-year agreement tables, the web-based country profiles, and the multi‑year agreement reporting format;
2. To request the Secretariat to adhere to the draft timetable as proposed in the 2009 monitoring and evaluation work programme, as modified by the work identified in paragraph (a) above and the time required to recruit the interim Monitoring and Evaluation Officer provided for in the 2009 budget, and in any case to complete the work in 2009 and report back on its completion to the Executive Committee by the 59^th Meeting;
3. To request the Secretariat in consultation with the Chair (Article 5) and the Vice-Chair (non-Article 5), as well as the outgoing Senior Monitoring and Evaluation Officer, to engage the services of an interim Monitoring and Evaluation Officer consistent with existing terms of reference for that position, to the extent feasible;
4. To request the Senior Monitoring and Evaluation Officer to prepare and submit a document to the 57^th Meeting of the Executive Committee outlining existing terms of reference for the position and briefly summarizing how evaluation functions in other similar fund secretariats and financial institutions were organized and implemented; and
5. Commencing at the 57^th Meeting of the Executive Committee, to make an effort to reach a decision no later than the 58^th Meeting of the Executive Committee, to discuss priorities and arrangements that might be necessary over the next five years for the monitoring and evaluation programme, and bearing in mind the 2010 compliance period, the size and complexity of the future work, including associated budgetary and institutional arrangements for carrying out such work, including the possibility of cost effective and independent delivery options external to the Fund Secretariat.