IFC wanted a mid-term evaluation of their Central Asia and South Caucasus Energy Infrastructure (CA EI) Program, which promotes renewable energy development in the region through supporting governments in improving the investment climate for renewable energy, and through direct support to the private sector. The objective of the evaluation was to assess the Program's progress toward its objectives and targets; to assess the impact of macroeconomic changes on the Program's implementation and evaluate the likelihood of the Program reaching its desired impacts; and to identify lessons learned and make recommendations to ensure success in the second half of the Program's implementation.
DHInfrastructure conducted an external mid-term evaluation of the CA EI Program in terms of its progress toward priorities, objectives and targets; its operations and processes; and its strategic regional approach. The evaluation was based on the OECD/DAC criteria of relevance, effectiveness, efficiency, impact, and sustainability, and paid particular attention to the effects of macroeconomic changes and other intervening factors on the Program's implementation. As a final output, DHInfrastructure identified lessons learned and made recommendations for adapting the Program's approach during the second half of its operations.