Results-Based Monitoring and Evaluation System : A Successful Pilot Initiative of IFC-SEDF Captures Impact
International Finance Corporation (IFC) - South Asia Enterprise Development Facility's (SEDF's) Monitoring and Evaluation (M&E) team developed a results-based performance measurement system in order to assess the effectiveness of Value Addition to Firms (VA2F) interventions. The system is based on a planning matrix derived from causal chains to make intended impacts within the framework of IFC development objectives and strategies. The author began testing this M&E system on the VA2F interventions in three sectors: Readymade Garments (RMG), Light Engineering (LES), and Agribusiness. M&E does not just provide additionality to other departments. M&E does much more. Systems like this can help M&E take a leading role in program design to reflect the increasing demand for proof of impact from both IFC and donors. This smart lesson details the challenges faced by this resource-intensive effort, and recognizes the investment that should be made in M&E as an indispensable component in justifying IFC advisory services.
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| Language: | English |
| Published: |
World Bank, Washington, DC
2007-05
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| Subjects: | ATTRIBUTES, BACKUP, BUSINESS PERFORMANCE, BUSINESS RELATIONSHIP, COMPETITIVENESS, COMPONENTS, COMPUTERS, COST SHARING, ENABLING ENVIRONMENT, ENGINEERING, IFC, OVERHEAD, PHONE, QUALITY CONTROL, REPORTING, RESULT, RESULTS, SALES, SELLING, TECHNICAL ASSISTANCE, |
| Online Access: | http://documents.worldbank.org/curated/en/2007/05/9958000/results-based-monitoring-evaluation-system-successful-pilot-initiative-ifc-sedf-captures-impact https://hdl.handle.net/10986/10693 |
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| Summary: | International Finance Corporation (IFC)
- South Asia Enterprise Development Facility's
(SEDF's) Monitoring and Evaluation (M&E) team
developed a results-based performance measurement system in
order to assess the effectiveness of Value Addition to Firms
(VA2F) interventions. The system is based on a planning
matrix derived from causal chains to make intended impacts
within the framework of IFC development objectives and
strategies. The author began testing this M&E system on
the VA2F interventions in three sectors: Readymade Garments
(RMG), Light Engineering (LES), and Agribusiness. M&E
does not just provide additionality to other departments.
M&E does much more. Systems like this can help M&E
take a leading role in program design to reflect the
increasing demand for proof of impact from both IFC and
donors. This smart lesson details the challenges faced by
this resource-intensive effort, and recognizes the
investment that should be made in M&E as an
indispensable component in justifying IFC advisory services. |
|---|