Since its inception, IFC Advisory Services in Latin America and the Caribbean (LAC) has emphasized the importance of measuring the results and impact of its projects. To ensure the implementation of this priority, it has been established an M&E functional area fully dedicated to ensure the application of the M&E system.
The M&E system has been designed with the following main principles in mind:
- Integration: Engaging all office project staff throughout the entire M&E process.
- Standardization: Applying a common approach through regional coordination with IFC SME Department
Through the M&E system, IFC Advisory Services in LAC:
- Collects, compiles and analyzes key data to monitor and evaluate the projects’ progress and results on an on-going basis.
- Enables program managers to gauge the effectiveness of their programs and to take strategic decisions more efficiently.
- Responds pro-actively (in a timely and accurate manner and based on evidence) to information needs from internal and external stakeholders.
- Identifies and disseminates positive and negative lessons learned and results (planned and unexpected) in terms of output, developmental outcome and impact achievements (including scalability and sustainability dimensions).
- Contributes to the alignment of Advisory Services and investment in the region, enhancing the aggregate development impact.
