Framework for Measuring Development
The IIC seeks to maximize its development impact by alleviating poverty and improving lives through job creation, supporting projects in rural areas, helping companies improve their corporate governance and environmental performance, and through innovative projects for mitigating climate change and promoting technology transfers, competition, and market expansion. The IIC heightens its development impact and value added by tracking and learning from its results. The IIC employs innovative evaluation tools to measure its financial performance and the development outcome and additionality of its operations. It conducts project evaluations to monitor investment performance throughout the project life cycle. These assessments can lead to improvements in current projects and in the design and execution of future operations.
The IIC uses two tools to track the development impact of its operations. The Development Impact and Additionality Scoring (DIAS) system assesses an operation’s potential development impact at project outset and throughout its life. Once the project reaches maturity, an Expanded Annual Supervision Report (XASR) is prepared to measure its development outcome and assess the IIC’s investment performance, work quality, and additionality. By design, DIAS and XASRs share many of the same indicators. However, these indicators are assessed at different points of the project life cycle to provide a clearer picture of the outcome.
The DIAS system was first introduced in 2008 as part of efforts by the IIC to improve the tracking of development outcomes and additionality. It is designed to complement the information furnished by the XASRs drawn up every year since 2001 for mature projects only. The DIAS scores for previously approved projects are now updated annually. The resulting database has helped the IIC extract meaningful lessons learned from prior operations. In addition, tracking a project’s development performance throughout its life allows the IIC’s team of development experts to assist its customers at different stages of the project cycle by facilitating access to trust funds and providing technical assistance services to address any issues or needs arising once the project has been approved.