The IFC Development Goals (IDGs) are corporate-level development goals which IFC began testing in 2011.
• They were inspired by the Millennium Development Goals as a way to better integrate IFC’s results measurement with strategy.
• The IDGs are high-level targets for the incremental reach we aim to achieve through its investments and advisory services.
• IFC aims to use the IDGs to drive implementation of strategy and influence operational decision making, alongside volume targets.
• IFC contributions are counted as expected results at the time projects are committed or signed, and IFC’s regular monitoring and evaluation system tracks the results materializing during project implementation.
IFC has been testing seven IDGs:
IDG 1 Agribusiness: Increase or improve sustainable farming opportunities;
IDG 2 Health and Education: Improve health and education services;
IDG 3a Access to Financial Services: Increase access to financial services for micro/individual clients;
IDG 3b Access to Financial Services: Increase access to financial services for SME clients;
IDG 4 Infrastructure: Increase or improve infrastructure services;
IDG 5 Economic Growth: Contribute to economic growth (value added); piloted without targets;
IDG 6 Climate Change: Reduce greenhouse gas emissions.
IDG 7 Trade and Regulatory Services: Increase the number of firms that benefit from improved investment, trade, and regulatory services
• The IDGs were not intended to cover every project but to be useful as a strategic management tool, they were designed to cover a significant share of IFC’s business.
• In FY13, IFC moved two goals from testing to full implementation: IDG 2: Health and education; and IDG 3:
Financial Services. In FY14 IDG 1 also moved to full implementation. IDGs 4 and 6 are in the testing stage.
Overall IDG Progress FY13
GOAL FY13 IDG TARGET
IDG 1 Increase or improve sustainablefarming opportunities
IDG 2 Improve health and education services
IDG 3a Increase access to financial services for individuals and microfinance clients
IDG 3b Increase access to financial services for SME clients
IDG 4 Increase or improve infrastructure services
IDG 6 Reduce greenhouse gas emissions
IDG 7
Benefit 1 million people
Benefit 4.22 million people
Benefit 1.15 million people
7.06 million people
Benefit 28.05 million people 41.25 million people
1.04 million people
Benefit 19.75 million people 36.74 million people
Reduce by 4.90 million metric tons of CO
2 per year
equivalent
N/A
6.20 metric tons
N/A Increase the number of firms that benefit from improved investment, trade, and regulatory services
FY13 IDG
COMMITMENTS
760,000 people
PERCENTAGE OF
TARGET AChIEvED
76%
167%
147%
90%
186%
127%
N/A