The IFC Development Goals (IDGs) are corporate-level development goals which IFC began testing in 2011. They were inspired by the Millennium Development Goals as a way to better integrate IFC’s results measurement with strategy.
The IDGs are high-level targets for the incremental reach we aim to achieve through our investments and advisory services. IFC aims to use the IDGs to drive implementation of strategy and influence operational decision making, alongside volume targets.
IFC's contributions are counted as expected results at the time projects are committed or signed, and IFC’s regular monitoring and evaluation system tracks the results materializing during project implementation.
IFC has been testing seven IDGs:
IDG1: Increase or improve sustainable farming opportunities;
IDG2: Improve health and education services;
IDG3a: Increase access to financial services for micro/individual clients;
IDG3b: Increase access to financial services for SME clients;
IDG4: Increase or improve infrastructure services;
IDG6: Reduce greenhouse gas emissions
The IDGs were not intended to cover every project but to be useful as a strategic management tool. They were designed to cover a significant share of IFC’s business.
In FY 13, IFC moved two goals from testing to full implementation: IDG2: Health and Education and IDG3: Financial Services. In FY14 IDG 1 also moved to full implementation. IDGs 4 and 6 are moving into full implementation in FY15.
To address concerns that the goals could create a skewed focus on projects with larger reach figures at the expense of projects in smaller countries with a more challenging business environment, we are testing a complementary approach that could be used to provide appropriate weighting to projects in smaller and poorer countries.