Strengthening the monitoring of impacts: a strategic workstream since 2019

Monitoring of our operations Strengthening the monitoring of impacts: a strategic workstream since 2019

Proparco is continuing to step up the monitoring and evaluation of the impacts of its projects. The monitoring not only makes it possible to know the actual impact of the funded projects, but also to identify the most effective ways for achieving its impact objectives. Following an initial monitoring exercise conducted in 2019 on 96 projects, in 2020, Proparco monitored the impacts achieved at the end of 2019 by 214 projects signed between 2015 and 2018 (portfolio of €4 billion).

The impacts collected through monitoring correspond to 3 key impact objectives of the strategy for 2020-2022

Jobs

To contribute to maintaining and creating jobs for men and women, Proparco monitors the impacts of funded projects on direct, indirect and induced employment.

Proparco finances renewable energies and establishes a carbon footprint to evaluate the impact of projects on emissions that affect climate change. To support people in developing countries, Proparco monitors the impact of funded projects on access to education, electricity, clean water, health services and financial services.

Greenhouse gas emissions Access to essential services

Number of jobs supported well above ex ante forecasts

At the end of 2019, our clients’ projects financed by Proparco between 2015 and 2018 were supporting over 3.5 million jobs, including: • 424,000 direct jobs, meaning in companies and the investee companies of investment funds, i.e. 95% of the ex ante forecasts (448,000 direct jobs); • Over 3.1 million indirect jobs supported upstream and downstream of our clients’ value chains, i.e. a number well above the impact forecasts (538,000 jobs ex ante). The measurement is now more accurate and reliable using the

Joint Impact Model (JIM), developed jointly by Proparco, CDC, FMO, BiO, AfDB and FinDev Canada to estimate the indirect effects of projects (see page 61).