The 2006 Annual Report on Operations Evaluation (AROE) updates the actions taken since the 2004 and 2005 AROEs to strengthen the results focus in monitoring and evaluation (M&E). First, it analyzes the implications of managing for results on Bank operations. Second, it assesses the extent to which the Bank's M&E systems provide staff with the information they need to better manage for results. Third, the report evaluates products and services of the Independent Evaluation Group-World Bank (IEG-WB) as part of a continuous process of self-evaluation and assesses their quality, influence, and use among both internal and external audiences. The report also raises some unresolved issues for further consideration. Finally, it makes recommendations on how M&E can be strengthened to increase the World Bank's effectiveness.