Measurement and impact assessment in development projects

SITAWI participated in the workshop “Measurement and impact assessment” organized by ALIDE, BNDES, SEBRAE and ABDE. The event, held between October 30 and November 1, is part of the Latin American and Caribbean Green Finance Platform, which was created to share information and knowledge about green financing with national development banks and other financial entities.

Leonardo Letelier, SITAWI’s CEO, moderated the first day of the event focusing on the evolution of the social impact focus in development financial institutions. After presenting SITAWI, Letelier spoke about the opportunities for banks and development agencies to leverage their assets (ex. resources, expertise, longer horizon, and institutional relevance) to advance the field of social finance, differentiating between concepts such as responsible investment and impact investment. Other speakers included: Juan Forero, from Finance in Motion; Leonardo de Oliveira Santos, from BNDES; Augusto Togni, from SEBRAE; Olga Egorova, from Grassroots Business Fund; and Fanny Tora, from VigeoEIRIS Latam.

For Vinicius Ahmar, SITAWI’s Senior Social Impact Analyst, the presentation on the most commonly used impact assessment methods helped structure the discussion of this issue in the social finance ecosystem.

“The discussions promoted at the event demonstrated the importance of monitoring and evaluating activities and results, as well as using structured methodologies that consider impact measurement to design and develop new projects. Exposure to real cases and practical exercises made these practices more tangible”, he commented. Ahmar further believes that the leading of the workshop by well-respected organizations with experience in impact projects and impact assessment tools raises the standard of the discussions within  development agencies and participating financial institutions.

The purpose of the meeting was to introduce participants to the tools and methods used to design and implement social impact assessments (EIS) of development projects. It discussed the importance of a rigorous evaluation for the design of effective programs, as well as the main methods used to carry out an EIS. In addition, the workshop addressed the key steps and information requirements involved in the design and implementation of an EIS.

“The event helps promote a debate about the importance of measuring results and impact, and using these metrics as a way to prioritize future investments”, concluded Vinicius.

Opportunities were discussed for helping development banks create an adequate social impact assessment framework that would be based on an improved institutional strategy, to promote the opening of new sources of financing.

Access the presentations and summaries of what was presented at the event: http://bit.ly/2hJuOnW