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Oversight Functions

There are two Bank units reporting directly to the Board: the Independent Evaluation Group and the Inspection Panel.

Blue ArrowThe Independent Evaluation Group’s objective is to provide an independent assessment of the results of the Bank’s work.  Its reviews provide an objective basis for assessing the impact and sustainability of the Bank's work and promote learning from experience.

Blue ArrowThe Inspection Panel is a three-member body created in 1993.  Its primary purpose is to address the concerns of the people who may be affected by Bank projects and to ensure that the Bank adheres to its operational policies and procedures during design, preparation and implementation phases of projects.

There two other functions that need to be mentioned in the Board’s oversight function are the following:
  • External Audit. The Executive Directors are also responsible for an audit of accounts. To that effect, they approve the appointment and mandate of the External Auditor which is rotated every five years.
  • Conflict Resolution System consists of: Ombuds Services (OMB), Mediation Services (MEF), Peer Review Services (PRS), and Respectful Workplace Advisors (RAWs). They discharge their duties independently of any influence from Bank Group management or each other. They report to the Office of the President for administrative purposes.  Other internal justice services include Integrity Vice Presidency, the Office of Ethics and Business Conduct (EBC), the Administrative Tribunal (WBAT) and Staff Association.