IFC chooses indicators at the outset that capture a project's main expected development impacts. Achievement against specified performance benchmarks is tracked throughout the project's life and is the basis for rating each performance component and the project’s overall development outcome. More about our evaluation framework.
Standard Indicators
Each IFC industry department has identified a menu of standard, industry-specific indicators that capture the sector’s typical development impacts. In addition, we have some IFC-wide corporate indicators that are mandatory for tracking particular impacts related to environmental and social improvements and corporate governance issues.
By standardizing indicators, we are able to compare performance and aggregate development reach by industry department and across the corporation as a whole for a certain time frame. For example, one of our standard reach indicators for all of our departments with the exception of Global Financial Markets and Private Equity and Investments Funds Departments is the amount of contribution to government revenues or savings, and we are now able to say that in 2008, IFC-supported clients have contributed almost $23 billion to government revenues or savings.
Reporting on change over time
As we accumulate data on an annual basis, we are now also able to report on change over time. To keep with our example, 414 client companies in 2008 contributed almost $23 billion to government revenues or savings, up from $7 billion in 2005 (209 companies), an increase of $16 billion. In part this reflects a changing and growing portfolio, i.e. a greater number of client companies have contributed to government revenues or savings in 2008. For those 103 client companies that were in our portfolio during 2005-2008, the contribution to government revenues or savings increased by $6.3 billion, or 109% percent. More precisely, 79 of these companies (77%) increased their contribution.
More details on DOTS indicators…
