The International Finance Corporation (IFC) wanted to develop an approach for capturing the indirect private investment impacts of their Renewable Energy and Power Advisory Programs. The methodology was needed to assist operations teams at IFC in evaluating and reporting the indirect results of their market-level and sector-level advisory activities.
DHInfrastructure reviewed IFC documents for assessing indirect impacts. We interviewed operations teams to understand methodologies for attributing indirect impact and the types of data that teams usually collect. Using feedback from these interviews, we developed research questions for teams to answer in evaluating the indirect impacts of advisory activities. We then designed a Monitoring and Evaluation (M&E) Framework to outline the requirements for attributing indirect impact. As part of the M&E Framework, we prepared a guidance note and stakeholder survey to allow operations teams to gather information and to help them integrate this new methodology into existing evaluation practices.