March 1, 2012 -- Making strategic decisions based on results achieved is
important for enhancing IFC's development effectiveness. It helps provide a
framework for strategic planning and management based on learning and
accountability, especially in a decentralized environment. It is also a
mechanism to better tell IFC's story showing programs results and how these are
providing “value for money” as IFC spends resources where they can
achieve most "development bang for the buck."
Over the past three years,
the Latin America and Caribbean (LAC) Monitoring and Evaluation (M&E) unit has supported management in strategic decision making by
leading the preparation of the "Development
Results LAC Report."
“The report approaches the analysis from the
"managing for results" point of view, assessing the strategies and feeding this
experience into the discussion of future ones. This is a great way to show how
the M&E function can provide value added to the management of a regional
portfolio,” said Claudio Volonte, Head of the Advisory Services Unit of the
Development Impact Department.
Aligned to IFC’s and the regional
strategic priorities of inclusion,climate change, competitiveness, innovation,
and regional integration, the report demonstrate the areas where the region has
achieved the most development impact.
“We are very excited about this
report; knowing our aggregated results and the contribution each business line
makes to the climate change strategic priority, for instance, is new and
provides rich information,” said Mary Porter Peschka, Regional Head for Advisory
Services in Latin America and the Caribbean. “This approach focuses on enhancing
management accountability by defining realistic expected results, monitoring the
progress, and integrating lessons learned into decisions," added.
an example of working as One IFC to leverage our global expertise and
consistently deliver unique value to clients and partners. This report may be
useful for other regions trying to incorporate M&E as a partner in results
based management. The next challenge will be to incorporate investment results
into the report.
“The report helps pave the future of LAC's operations,
so we can have a smoother ride towards the achievement of our objectives. I
invite everyone to read it and even carry it along on one of our many plane
rides” Peschka added.