"Measuring the results of our work is critical to understanding how well our strategy is working -- and whether IFC is reaching the people and markets that most need our help." Development results measurement is critical for IFC to:
DOTS allows real-time feedback into project design and implementation, enabling IFC to measure results against clear targets that are defined beforehand. By using standard performance indicators, DOTS allows us to aggregate development results and compare them across regions, industries, and business lines. IFC monitors and evaluates its results for both investments and advisory services. Operational staff track results with central guidance and quality control. Our development results are used to build knowledge and inform IFC’s strategy. Corporate, departmental, and individual “scorecards” provide incentives to achieve better development results. IFC also has an Independent Evaluation Group, which ensures accountability through ex-post and in-depth evaluations of a subset of our activities. Along with DOTS, IEG evaluations help identify areas of improvement for IFC’s development effectiveness. |