Large language models (LLMs) pre-trained predominantly on English text exhibit surprising multilingual capabilities, yet the mechanisms driving cross-lingual generalization remain poorly understood. This work investigates how the alignment of representations for text written in different languages correlates with LLM performance on natural language understanding tasks and translation tasks, both at the language and the instance level. For this purpose, we introduce cross-lingual alignment metrics such as the Discriminative Alignment Index (DALI) to quantify the alignment at an instance level for discriminative tasks. Through experiments on three natural language understanding tasks (Belebele, XStoryCloze, XCOPA), and machine translation, we find that while cross-lingual alignment metrics strongly correlate with task accuracy at the language level, the sample-level alignment often fails to distinguish correct from incorrect predictions, exposing alignment as a necessary but insufficient condition for success.