As part of the International Year of Evaluation 2015, this meeting will provide an opportunity to identify good impact evaluation practices, and to build new evaluation coalitions for market-oriented development initiatives.

20 July 2015 - 1:00pm to 22 July 2015 - 2:00pm

Over the past 15 years there have been dramatic changes in the way in which middle income and low income countries have achieved economic growth and political and social change. These changes have been driven by new contexts, new actors and new ideas, in which market-oriented development approaches have become increasingly prominent. Evaluation practice, often shaped by a public sector orientation, has not kept pace –which raises important questions about the role of evaluation, both in understanding the impact of new activities on society, as well as in supporting democratic accountability to citizens.

As part of the International Year of Evaluation 2015, this meeting will provide an opportunity to identify good impact evaluation practices, and to build new evaluation coalitions for market-oriented development initiatives. The event will particularly focus on:

  • Public-private partnerships
  • Ethical investing
  • Social and environmental impact funding
  • Market-based instruments, for example insurance products and social bonds
  • Prizes and challenges to encourage innovation and results

This 48 hour residential meeting will bring together evaluation professionals and development partners, and investors in order to explore how best to:

  • Demonstrate the utility of evaluation to new actors and in new contexts
  • Ascertain value and impact for these approaches, particularly social and environmental impact
  • Explore the role of evaluators and investors in supporting greater democratic accountability
  • Draw lessons from the evaluation methodologies being used by accounting firms, management consultants and other private sector actors
  • Harness the innovative approaches of philanthropic foundations and others, for example in identifying social and environmental impact.

Objectives

  • Define the current challenges to effective monitoring and evaluation of market -oriented development initiatives.
  • Identify successful and innovative strategies for monitoring and evaluation.
  • Explore how innovative methods and approaches can be harnessed in pursuing these strategies
  • Create an enhanced network of individuals and organisations interested in tackling the challenge of monitoring and evaluating market-oriented development approaches from national and international organisations, philanthropic foundations and others.

Discussion panels will be organised to review recent evaluation experience, debate evaluation governance issues and probe the methodological questions brought about by the market based development revolution.

A report will summarise lessons, policy options and recommendations for action. It will be used by participants to contribute to International Year of Evaluation 2015 events and inform the Global Evaluation Agenda 2016 - 2020.

For more details, including the full programme, see the Wilton Park website

Location:
Wilton Park
United Kingdom
Partner(s): Itad, Institute of Development Studies, University of East Anglia
Invitation only

New Frontiers for Evaluation

A flavour of current thinking on the role of the private sector and impact investment in international development and the implications for evaluation