In brief: World Bank reforms impact measurement framework

The World Bank Group has streamlined the way it tracks the impact of its projects by releasing a new impact measurement framework.

The “corporate scorecard” will allow the impact of all World Bank Group financing institutions – such as International Finance Corporation and the International Bank for Reconstruction and Development – to be measured in the same way for the first time, according to an announcement. The new framework will also allow the institution to “focus on outcomes, rather than inputs”. As an example of this, World Bank explained that the new approach will see it focus on the number of people that use financial services, rather than the number who have access to them.

The methodology is composed of 22 indicators – down from the previous 150 – which cover areas including greenhouse gas emissions, education access, climate risks and food security. Read the full list here.