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Win-Win Gender Equality Means Good Business (in co-delegation with UN WOMEN) - Midterm joint evaluation

eval_number:

2859

eval_url:

https://webapps.ilo.org/ievaldiscovery/eval/2859

location:

country:

Americas - regional

region:

Americas

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eval_title:

Win-Win Gender Equality Means Good Business (in co-delegation with UN WOMEN) - Midterm joint evaluation

recommendations:

date:

2021-02-10 00:00:00.0

themes:

theme:

Organizational issues

category:

Planning and programme design

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action_plan:

1.Conduct a meeting with key implementing partners to revisit the programme LogFrame, especially Outcome 3 and its logical links to Outcomes 1 and 2, and redefine realistic targets. Responsible party for implementation: Win-Win Regional Coordinators (UNW), Innovative Financing specialist and Monitoring and Evaluation (M&E) specialist, in consultation with EU 2. Identify steps for developing and launching the Innovative Financing and Gender Impact Investment Initiative, including: A) Define UN Women’s role in the investment ecosystem; Responsible party for implementation: Win-Win Regional Coordinators (UNW) and Innovative Financing specialist B) Engage and form a technical advisory group with experience in creating impact investment funds to play a leadership role in the initiative, with support from a qualified expert; Responsible party for implementation: Win-Win Regional Coordinators (UNW) and Innovative Financing specialist C) Reach out to EU investors through mechanisms developed in Outcome 1; Responsible party for implementation: Win-Win Regional Coordinators (UNW) and Innovative Financing specialist, with support from NPSSs D) Involve key financial stakeholders, including women-led business who will directly benefit from the initiative; Responsible party for implementation: E) Establish membership and governance mechanisms for the initiative; Responsible party for implementation: Win-Win Regional Coordinators (UNW) and Innovative Financing specialist. F) Develop a set of impact indicators to allow investors, financial intermediaries and asset owners to define impact strategies and monitor investment performance from a gender perspective; Responsible party for implementation: Innovative Financing Specialist, with support from consultants. G) Develop a proposal for an investment facility/instrument for women-led businesses/entrepreneurs, and identify opportunities for implementing it after the end of the programme.

management_response:

Completed

progress:

Partially achieved

admin_units:

RO-Latin America and the Caribbean

title:

In alignment with the results of the exercise described in Recommendation 1, top level programme representatives from UNW, ILO and EU must agree on realistic targets – and potentially a revised outcome or outputs – to guide efforts on Outcome 3 until the end of the Programme period. If the decision is to concretize the investment facility, a set of practical steps must be identified, linked to other Win-Win programme activities. Recognizing that this is very unfamiliar territory for all three Programme partners, consider the following strategies: a. Build on the contacts already established in the impact and gender lens investment ecosystem to engage a trusted technical advisory group to play an active technical and leadership role in this initiative. Priority members of this group must be those who have actual experience in creating impact investment funds such as PROMUJER, Ventures of Mexico, Deetken Impact, IFC, CAF, IDB and OPIC. b. Contract a qualified expert to lead this work in consultation with the above technical advisory group and oversight from the Programme partners. c. Reach out to EU investors, in conjunction with work described in Recommendation 3, to include them in this endeavour, in keeping with the overall programme aim of facilitating EU-LAC business and investment linkages. d. Determine whether a realistic goal would be to design and pilot a limited initiative as a trial run of the financing initiative, possibly in just one or two of the Programme countries, or with a limited geographic thematic focus. e. Ensure direct involvement in this initiative by one or two selected country Programme teams and key financial stakeholders from those countries, including participation by woman-led businesses to identify their practical needs as consumers of financing.

project_symbols:

RLA/17/03/EUR

url:

https://webapps.ilo.org/ievaldiscovery/recommendations/14511

information_source:

Regional Office

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