Measuring development results - The EIB REsults Measurement (REM) Framework
The EIB is active in over 150 countries, lending to projects to support EU external cooperation and development policies. In 2011, EU institutions approved the revised external mandate governing EIB lending outside the EU and asked the Bank to further strengthen its assessment, measurement and reporting on the results and impacts of its operations. In response to this the EIB has introduced a new framework to replace the existing Economic and Social Impact Assessment Framework (ESIAF).
The REsults Measurement Framework (REM), to be gradually implemented in 2012, will improve the ex ante assessment of expected project results and enhance the Bank’s ability to report on actual results achieved.