OPIC's Office of Investment Policy (OIP) monitors every project from its inception through the conclusion of OPIC support. Project monitoring is necessary and required for all OPIC-supported projects so that OPIC can (1) comply with its statutory responsibility to monitor its portfolio, and (2) capture, verify, and report data on both the development benefits and U.S. economic effects of OPIC-supported projects.
Data collected through monitoring is used for a variety of reporting purposes, and is included in the Annual Report on Developmental Impact for Congress that summarizes the developmental impact of OPIC's work. The data also is used for internal and external purposes to determine the actual impact of OPIC-supported projects and to assess how OPIC best can serve its stakeholders.
All OPIC-supported projects that have been operational for at least 12 months are required to submit an annual Self-Monitoring Questionnaire (SMQ). This annual questionnaire measures the performance of each active project with regard to economic, development, environmental and work rights impacts.
Each year, OPIC randomly selects a set of projects to be monitored on-site. In addition to monitoring randomly selected projects, OIP monitors projects considered to be sensitive with respect to economic, environmental and social impacts, and worker rights provisions.
OIP works with the investor to schedule site visits. The visit includes an evaluation of the effects on the U.S. and host country economies and employment, environmental and social impacts, and the project's compliance with internationally recognized worker rights. Prior to the visit, OIP sends a Project Information Report (PIR) to the investor for completion. The PIR is similar in content to a SMQ, but it also incorporates information estimated in the project's original application to allow for a side-by-side analysis of the data. The investor enters performance results from the project for the most recent year, and, in some cases, for prior years as well. On location, the site-monitoring process typically consists of meetings with management to review information supplied in the PIR, requests for additional information if needed, a tour of facilities, interviews with workers, and a final wrap-up meeting.