The broad range of structures, mandates and shareholders of DFIs working with the private sector means that there are many different systems used to track development results. The shared clients of these DFIs therefore often endure an unintended burden deriving from the DFIs’ different reporting requirements, including similar indicators (with different definitions) meant to capture the same data.
Many DFIs share the same clients or invest in the same industries, yet require clients to report their activities based on different sets of criteria.
The Harmonized Indicators for Private Sector Operations standardize these criteria and reduce the administrative burden of shared clients, allowing them to focus on what matters most: delivering results on the ground.
The Addis Ababa Action Agenda recognized the importance of an expanded role of the private sector in achieving the Sustainable Development Goals (SDGs). Given their core competencies and footprint, DFIs are well-placed to catalyze much needed private investment through increased support to countries where public finance on its own is inadequate to address major development gaps.
WHOLE GROUP
Comprises the 28 DFIs that signed the harmonization MoU. Discusses and decides on all issues relevant to our group.
Additional DFIs can potentially become members by signing the MoU.
Group activities are facilitated by the OneDrive collaboration folder.
The harmonized indicators initiative yielded a memorandum of understanding (MoU), signed in October 2013 in Washington, D.C., during the Private Sector Round table that takes place annually at the IMF-World Bank Annual Meetings, and an Addendum to the MoU, signed in the fall 2015.