Since 2008, a forum of senior staff from both multilateral and bilateral development institutions have met to help foster collaboration among IFIs to enhance development impact through common development indicators. The Harmonized Indicators for Private Sector Operations are the first tangible result of this partnership.
The Harmonized Indicators MoU reflects the commitment of 25 IFIs toward long-term collaboration and, most importantly, a focus on better serving their clients.
The MoU sets out 27 reporting indicators for IFIs’ shared clients, down from some 400 initially reviewed. This helps reduce clients' reporting costs and frees up time for them to focus on what matters most: delivering results on the ground.
Thanks to these new indicators IFIs are now able to look at projects across institutions with a set of common metrics, which increases their ability to learn from each what works and what doesn’t, thus contributing to better direct resources for development.