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:

  • IFC reports the amounts invested from its own capital and the amount mobilized from other investors. Along with other MDBs, IFC reports the amount of capital mobilized from the private sector.
  • IFC measures and monitors investees’ alignment to the SDGs through adoption of IFC’s Performance Standards and Corporate Governance (CG) methodology. The Performance Standards have a line of sight to more than 30 of the SDG targets. These standards and the CG methodology help clients devise solutions that are good for business, good for investors, and good for the environment and communities.
  • IFC’s Global Trade Finance Program (GTFP) facilitates export and import trade transactions through issuing of guarantees to banks.

As shown in Table 1, in CY19, IFC operations increased access to financial services for 59.6 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 55.3 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 $482.4 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.

 

SDGs

IFC Measurement

  Results—

Calendar Year 2019

Reach Data

Number of Microfinance and SME loans

59.6 million

People reached with infrastructure services2

247.1 million

Patients served

55.3 million

Students reached / Students reached—women

5.5 million / 1.0 million

Farmers reached

3.5 million

Amount towards Microfinance and SME loans (USD)

482.4 billion

Number of Microfinance and SME loans

4.4 million*

People reached with infrastructure services

137.7 million*

Patients served

12.1 million*

Students reached / Students reached—women

0.4 million / 0.2 million*

Farmers reached

0.4 million*

Amount towards Microfinance and SME loans (USD)

31.0 billion*

Number of Microfinance and SME loans

59.6 million

Amount towards Microfinance and SME loans (USD)

482.4 billion

Jobs supported / Jobs supported—women

2.1 million / 0.7 million

Women in Executive management positions

-**

Students Reached — women

1.0 million

Jobs supported — women

0.7 million

Tons of CO2 emissions reduced per year

-**

Contribution to government revenues or savings (USD)

16.3 billion

USD towards access to finance (Energy Efficiency)

-**

Farmers reached

3.5 million

Patients served

55.3 million

Students reached / Students reached—women

 5.5 million /
 1.0 million

  People reached with infrastructure
services—water distribution

0.8 million

  Water saved or treated

-**

People reached with infrastructure services—utilities3

58.5 million

Containers operated or shipped

9.0 million

People reached with infrastructure services - transport

0.6 million

People reached with infrastructure services - telecoms

184.0 million

 

*Portfolio reach figures for International Development Association (IDA) countries, including FCS are used for measuring reduced inequality.

**The blank fields in the table: No reach data available.

1 Includes: power generation, power distribution, water distribution, gas distribution, transport, and telecoms.
2 Includes: power generation and power distribution.