IFC’s results-measurement framework enables it to maintain a line of sight between IFC’s objectives and the SDGs. It is designed to document delivery, learning, and accountability in the implementation of strategic priorities. Results feed into the World Bank Group’s corporate scorecards, enabling reporting on outcomes from investment and advisory projects.
IFC monitors results using project-level indicators and aligns its reporting at the portfolio level to various SDGs, as indicated in the table below. The introduction of AIMM will enable monitoring and reporting of market-creation effects. IFC’s results-measurement framework currently comprises mostly sector-level outcome indicators, including Harmonized Indicators for Private Sector Operations (HIPSO)1 used by multiple development finance institutions to measure, monitor, and report on development outcomes, including those related to the SDGs.
Besides project outcomes and effects on market creation, IFC tracks and reports on mobilization of private funds and the adoption of E&S performance standards, both of which contribute to achieving the SDGs:
As shown in Table 1, in CY19, IFC operations increased access to financial services for 60.5 million microfinance and SME clients, improved infrastructure services for 247.1 million people; enhanced the capacity of ports to operate and handle 9.0 million containers; extended health services to 55.5 million people; reached 5.5 million students, of which 1.0 million were female students; supported jobs for 2.1 million people, of which 0.7 million were women. IFC also reached 3.5 million farmers with improved practices.
In addition, IFC clients provided $501.1 billion towards microfinance and SME loans. Contribution to government revenues or savings by IFC clients totaled $16.3 billion.
The World Bank Group also reports specifically on the collective contribution of its agencies toward the achievement of each SDG, through an annual publication: The World Bank Group and the Sustainable Development Goals: Our Contribution.
1 The HIPSO are a product of the Harmonization Groups, which aims to improve results management by advancing and harmonizing the estimation, collection and reporting of development outcomes.