SIFEM - Swiss Investment Fund for Emerging Markets

Result Measurement Framework

The result measurement framework used by SIFEM is composed of three different levels: First, an internal rating tool (SIFEM GPR) originally developed by the German Development Finance Institution (DEG), is used to appraise investments and track their development performance over time. In order to do this, a benchmark is established prior to investment to reflect the expected development effects. Second, a number of indicators are collected for each investment to measure development effects, which can be aggregated at the portfolio level and reported to the Swiss Parliament. These indicators are harmonized, to the extent possible, with other Development Finance Institutions and with the standardized metrics developed by the impact investing community. Third, case studies are conducted on an annual basis to take a closer look at the effects and value-add of SIFEM’s investments in specific contexts.