Its size is calculated to sustain the bank’s operation. At the programme level, MRV is used to evaluate the success of the design in achieving programme objectives and should ideally be undertaken for several elements of an offsets programme, including its ecological, legal and operational, and distributional performance. Regular evaluations informed by MRV may be used to improve a programme design over time. At the project level, the MRV is essential for determining compliance with the conditions of development approval.