KAMPALA PRINCIPLE 4:MSMEs_SUBP 4.A
KAMPALA PRINCIPLE 4 - TRANSPARENCY AND ACCOUNTABILITY
Micro, Small and Medium-Sized Enterprises
Why is it important?
Measuring the results of development co-operation projects helps to provide partners and the community involved with information on what has been achieved and what is still pending, what is working and what is not, and what needs to be adapted. Measuring and communicating results will increase awareness of the activities and related buy-in by communities, and can also lead to more trust and resources and, ultimately, better development and business outcomes.
- Did you and all your project partners actively participate in creating the project’s framework for monitoring results?
- Do you understand your roles and responsibilities, being very clear with partners about your capacity and the measures that are most meaningful for your business’ success?
- Can you handle the requirements for data collection to measure results and/or do you know whom and how to ask for extra support in data collection?
- Support data collection when relevant and feasible to demonstrate results.
- Commit to disclosing relevant information, including business outcomes, when necessary.
- Do not hesitate to acknowledge your challenges in collecting and processing data and ask for support when needed.
- Fail to communicate with partners on the limitations of your capacity to monitor and collect data from end users and when data are not available.
- Rush to get results. Time horizons differ and are typically longer for development projects.
Build Bangladesh is a social impact investment platform that has partnered with the United Nations Development Programme (UNDP) to develop an impact fund that will invest in growth equity in medium- and large-sized enterprises that have a positive impact on social and environmental outcomes while generating financial returns. Managed by Impress Capital Limited, the fund makes use of an impact measurement framework developed by the UNDP to ensure measurable results for a range of Sustainable Development Goals and to monitor how investments impact different populations.