IFC assesses the development outcome of a project from the time of project concept. During the course of appraisal and before IFC Board approval, we choose indicators that capture a project's main expected development impacts. Achievement against these specified performance benchmarks is tracked throughout the project 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, sector-specific indicatorsthat 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 & social improvements and corporate governance issues.
By standardizing indicators, we are able to compare performance and aggregate developmental 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 our Health and Education Department is the number of patients that have been treated. On the basis of aggregated data, we can then say that IFC-supported health facilities have treated 7.6 million patients in 2009.
Reporting on change over time We now have accumulated data on an annual basis for 5 years starting from 2005. This allows us to report and analyze change over time. To keep with our example, 7.6 million new patients were treated by our client companies in 2009, up from 5.5 million in 2008. In part this reflects a growing portfolio, i.e. a greater number of client companies have treated new patients in 2009. For those client companies that were in our portfolio both in 2008 and 2009, the number of patients increased by 0.7 million, or 14 percent.