Overview
After the 2019 Madrid HIPSO Annual Meeting, HIPSO members agreed to further collaborate and leverage each other through cross-fertilization, exchange of experiences, information and views, joint projects monitoring and learning experiences. The members identified a need to put in place mechanisms that could facilitate such collaboration. This was necessitated by the respective shareholders of Development Finance Institutions (DFIs) who are continuously asking for more collaboration and alignment in our processes and systems.
This need was also enforced by some views amongst DFIs that, HIPSO needed to broaden its mandate beyond harmonization of metrics. To this effect HIPSO has set up Work Streams to Foster Collaboration on Content around thematic areas and sectors that were identified as areas for more knowledge sharing amongst DFIs to include: (i) environment/climate, gender; (ii) sectors/sub-sectors such as financial intermediation, infrastructure; (iii) Sustainable Development Goals (SDG) alignment; and (iv) Direct jobs and Indirect/induced job estimations, etc.
Main Activities
HIPSO Work Streams will outline the main activities and expected outcomes to be delivered for each of the identified thematic/sector/sub-sector areas. These should include topics of common interest to HIPSO members that members could consider going forward.
The Streams will hold webinar sessions on a monthly/bi-monthly basis, with discussions around their area of focus to share progress made, findings and next steps.
The Work Streams will remain actively engaged throughout the year and initiate knowledge sharing activities e.g. sharing their knowledge products with the Whole Group, and on the HIPSO website. They are also expected to report to the wider HIPSO Group during plenaries at the HIPSO Annual Meetings.
Work Streams
Environmental and Social
Objective
The Work Stream (WS) was formally established after the 2019 Annual Meeting in Madrid and is chaired by Lori Leonard of DFC. The strategic aim of the Gender WS is to ensure that HIPSO has an updated and good scope of gender related metrics that are fit for purpose in the development impact landscape. In addition, the Stream aims to collect, share and elaborate knowledge about gender related issues, and to develop products for DFIs and other private sector development practitioners.
Activities
- Draft and update the HIPSO gender metrics as needed.
- Coordinate with other initiatives around these thematic areas to promote harmonization approaches around metrics and other topical issues.
- Generate and share knowledge on topical issues around gender, in private sector development.
Gender
Objective
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Activities
- Draft and update the HIPSO gender metrics as needed.
- Coordinate with other initiatives around gender for example the 2X Challenge to promote harmonization approaches around metrics and other topical issues.
- Generate and share knowledge on topical issues around gender, in private sector development.
Jobs
Objective
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Activities
- Draft and update the HIPSO direct employment metrics as needed.
- Coordinate with other initiatives around these thematic areas to promote harmonization of approaches around direct employment, and economic models for indirect/induced employment estimation.
- Generate and share knowledge on topical issues around employment/jobs related issues in private sector development.
Sustainable Development Goals
Objective
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Activities
- Harmonize data requirements for DFI clients to monitor and report on their contribution to the SDGs.
- Generate and share knowledge on topical issues around the attainment of the SDGs in the private sector.
- Coordinate with other initiatives around the SDGs to promote the harmonization of approaches around the reporting of private sector contributions towards the SDGs.
Financial Intermediation
Objective
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Activities
- Draft and update the HIPSO financial intermediation metrics as needed.
- Coordinate with other initiatives around financial intermediation to promote the harmonization of approaches around metrics and other topical issues.
- Generate and share knowledge on topical issues around financial intermediation in private sector development.
Infrastructure Services
Objective
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Activities
- Draft and update the HIPSO infrastructure services metrics as needed.
- Coordinate with other initiatives around infrastructure services to promote harmonization approaches around metrics and other topical issues.
- Generate and share knowledge on topical issues around topical infrastructure services in private sector development.
