ICD co-hosted the Harmonized Indicators for the Private Sector Operations (HIPSO) Annual Meeting in London with the EBRD
Addressing the challenge of diverse reporting systems among DFIs, the Harmonized Indicators for Private Sector Operations (HIPSO) has worked since 2008 to standardize indicators and alleviate the reporting burden on shared clients. Since joining HIPSO in 2018, ICD is part of a growing network of 28 DFIs, contributing to expanding HIPSO’s metrics from 38 to 162, aligned with SDGs. Notable developments include the drafting of Joint Impact Indicators (JII) in 2021 for cross-cutting themes such as job, gender, and climate. The JII represents a major step forward for harmonized impact measurement and reporting.
Against this backdrop, ICD, in collaboration with EBRD, hosted HIPSO’s Annual Meeting in London with the theme “Leveraging HIPSO to strengthen impact management.”. The meeting emphasized leveraging HIPSO to strengthen impact management, fostering collaboration, and sharing knowledge on metrics, impact management systems, and evaluation methodologies. It provided an update on institutional strategies and the implementation of new metrics, promoting common reporting and learning among member institutions.
Introduction of the Project Assessment Grading System (PAGS)
PAGS is a robust in-house customized tool which will help guide ICD to assess its interventions not only from a risk perspective, but also from a development perspective. ICD’s M&E team has developed PAGS to assess its potential proposals in terms of development effectiveness, which is a requirement for ICD to ensure it distributes its resources in the most sustainable and efficient manner.
The objectives of PAGS include:
- Estimate the development impact of interventions submitted for approval;
- Identify interventions that maximize ICD’s development impact at appraisal;
- Provide evidence for effectiveness and accountability;
- Assign ratings/scoring of expected performance based on how well the intervention aims to contribute to ICD’s goals;
- Promote and support client/partner engagement towards impact alongside financial return.
2023 Development Effectiveness Survey Results
ICD conducts an annual survey to systematically collect data on the contributions of its clients and partners towards addressing the Sustainable Development Goals (SDGs) and to evaluate the specific developmental impacts they have made.
The ICD Annual Development Effectiveness Survey included specific questions regarding the contribution of ICD-supported projects to the SDGs.