The Development Marketplace (DM) is a competitive grant program that identifies and supports field testing of innovative, early stage ideas with potential for high development impact. Administered by the World Bank, it attracts ideas from a range of innovators, including civil society groups, social entrepreneurs, academia and private sector.
Development Marketplace Advances in M&E Practice
The Development Marketplace is continually updating its systems to monitor and evaluate its project portfolio. Beginning with the 2005 competition, each global competition now focuses on a specific theme or sector. The homogeneity of the portfolio enhances the ability of the World Bank to assess the performance of the portfolio and to draw lessons learned specific for promoting innovation in a particular development sector. Another improvement since 2005 has been the increased attention paid by the World Bank to oversee project implementation and ensure
good fiduciary management. Roles and responsibilities have also been clearly defined for WB sector specialist and DM staff who monitor the portfolio. Perhaps most important, winners from 2007 and beyond identify 1-3 key outcome indicators and associated targets that are used to assess the degree to which the project achieved its objective(s).
How the Toolkit Works
- For each section we will present the ideas and definitions that explain elements of project planning, monitoring, implementation and evaluation and give practical examples.
- Some sections also provide samples and templates for you to use to complete that part of the monitoring and evaluation work.
- The contents of the toolkit are based on DM’s experience to date in working with grantees, the basic requirements of the grant as spelled out in your grant agreement and best practices in monitoring, reporting and evaluation for grants of this size and duration.
- We hope that the ideas will also be useful to grantees that have practice using monitoring and evaluation in grants management as well as those who are doing it for the first time.
This Toolkit is designed to:
- Allow grantees to build on objectives and ideas in their grant proposal to develop a project Monitoring and Evaluation Plan.
- Build experience in basic monitoring, reporting and evaluation principles and best practices.
- Help grantees link progress reports and other milestones to a clear path to success for their programs.
- Give project oversight a roadmap to use in evaluating project progress and reviewing achievements.
- Help grantees think about what they want to be able to achieve with their program after DM funding.