What does the term "impact measurement" refer to in IFC projects?

The term "impact measurement" in IFC projects specifically relates to the process of assessing the outcomes of projects on target populations and the environment. This encompasses evaluating how a project affects various aspects of life for individuals and communities, such as social, environmental, and economic dimensions. The goal is to identify the positive or negative effects that a project has, which can provide valuable insights for stakeholders and guide future project planning and investment decisions.

By focusing on the actual outcomes and effects rather than just financial metrics or timelines, impact measurement aims to provide a holistic view of a project's effectiveness and sustainability. This understanding helps ensure that IFC projects not only meet economic goals but also contribute positively to societal and environmental well-being, thereby aligning with broader development objectives.