30th September - October 1st , 2019: HIPSO 2019 Annual Meeting, Madrid, Spain
CONTEXT FOR THE MEETING
- Background: The 2018 HIPSO Annual meeting provided a platform for rich discussions on wide ranging development impact issues, in addition to facilitating the revamping of the HIPSO initiative. During this meeting, one of the fundamental discussion points revolved around the usage of the current metrics by member institutions, and there was a general view from International Financial Institutions (IFIs) to revisit/revise the HIPSO metrics given the shift in focus/priority areas for IFIs, in addition to the adjustment of their results measurement systems.
As a follow-up to these discussions, a survey for the Whole Group was launched earlier on this year, and an analysis was done to assess the extent to which the metrics should be revised. Based on the Whole Group’s feedback and discussions, IFIs widely expressed a desire to broaden and enhance the scope of HIPSO by adding sector/cross-sector indicators, and those that capture market-level effects, in addition to adding increasingly significant thematic indicators for example climate mitigation/adaptation, and inclusiveness (underserved - women, youth, and rural populations etc.).
- Objective of the meeting: Using the survey recommendations as a basis, the main objective of the meeting is for IFIs to compare notes and to discuss the revised/additional indicators that they suggest being included in HIPSO based on their respective institution’s development impact assessment systems. Additionally, there will be updates provided on the progress of other related topics e.g. HIPSO metrics alignment with the Sustainable Development Goals (SDGs) which is critical given the amplified role of the private sector in achieving the SDGs, hence an increased emphasis for IFIs to report on their contributions towards the global SDG agenda; and how we can leverage the revised HIPSO indicators to provide a common understanding about what constitutes good practice in results measurement, to complement the Impact Principles with a more consistent approach in the implementation of the measurement aspects of the Principles.
- General consensus reached around the revised HIPSO metrics to better capture project and market level effects; and indirect/induced effects, which will lead to the signing off on the new indicators by the first quarter of 2020.
- Proposal on how to leverage the HIPSO in the implementation of the impact investing principles.
- Explore the appetite for a common framework for HIPSO alignment with the SDGs, with the follow-up action of enhancing the framework once the new indicators are ready.
Summary of discussions
See Agenda here
October 11-12th, 2018: HIPSO 2018 Annual Meeting, Thessaloniki, Greece
Based on the Whole Group’s feedback and discussions, we agreed that the use of HIPSO indicators among participating IFIs has helped to reduce reporting costs for clients, who previously endured an unintended burden from the IFI’s different reporting requirements, and they have served as platform for knowledge sharing among IFIs and for the development of other linkages, for example to the IRIS catalog.
We now have an opportunity to build on the success of the HIPSO indicators to serve as a foundation for a new agenda, given the new opportunities and challenges in the development landscape for HIPSO IFIs. See agenda here.
April 6-7: The IFI Working Group on Indicator Harmonization met in The Hague, the Netherlands, hosted by FMO.
The IFI Working Group on Indicator Harmonization met on April 6-7 in The Hague, the Netherlands, hosted by FMO, to take stock of the experience with the HIPSO indicators so far and discuss a number of topics of common interest, including, among others, the challenges and opportunities offered by the emergence of the Sustainable Development Goals (SDGs), how to tackle the issue of attribution, the use of development indicators in steering business and the ex-ante estimation of development impact. Please see the agenda for full details.
All sessions stimulated rich discussions that allowed participants to exchange knowledge and best practices. Participants unanimously committed to continue using the platform offered by this group, originally coalesced around the objective of indicator harmonization, as a knowledge exchange forum and a venue where to make practical progress on how to approach common challenges.
March 2, 2017: IFC conference on Evaluating Development Impact of Private Sector Operations.
The first IFC-organized conference on evaluating the development impact of private sector operations was just held on March 2nd in Paris, France. The conference was well-attended with participants from 24 organizations covering bilateral donors, MDBs, and IFIs.
See agenda for more details. Besides good high energy discussions on methods and findings, a key outcome of the event was the expressed high level of interest within the community to come together to better meet the demand for evidence. The event was seen to be a new start for a more collaborative community around PSD evaluations, mindful of sometimes different individual organizational needs. For more information, contact Deepa Chakrapani at DChakrapani@ifc.org or Christian Rosenholm at CRosenholm@ifc.org
June 26, 2016: CAF Development Bank of Latin America becomes the 26th IFI to be a party to the Indicator Harmonization Initiative.
CAF Development Bank of Latin America has joined the IFI Working Group on Indicator Harmonization and has become the 26th IFI to be a party to the Harmonized Indicators MoU.
November 24, 2015: Eleven Additional Indicators Added to the HIPSO List
Building on the 2013 MoU, the IFI Working Group on Indicator Harmonization has harmonized on an additional set of 11 indicators, in the form of an addendum to the MoU. These additional indicators are mostly qualitative, and focus on broad private sector development outcomes, bringing the HIPSO set to 38 indicators. HIPSO help reduce IFI clients’ reporting cost, and offer IFIs additional learning opportunities to understand the results delivered by their clients on the ground.