Title 22 — Foreign Relations and Intercourse
Chapter 103 — Better Utilization of Investments Leading to Development
§ 9652. Performance measures, evaluation, and learning
Statutory text
In general
The Corporation shall develop a performance measurement system to evaluate and monitor projects supported by the Corporation under subchapter II of this chapter and to guide future projects of the Corporation.
Considerations
In developing the performance measurement system required by subsection (a), the Corporation shall—
develop a development impact measurement system, to be known as the Corporation’s Impact Quotient, which shall—
serve as a metrics-based measurement system to assess a project’s expected outcomes and development impact on a country, a region, and populations throughout the sourcing, origination, management, monitoring, and evaluation stages of a project’s lifecycle;
enable the Corporation to assess development impact at both the project and portfolio level;
provide guidance on when to take appropriate corrective measures to further development goals throughout a project’s lifecycle; and
inform congressional notification requirements outlining the Corporation’s project development impacts;
develop a mechanism for ensuring that support provided by the Corporation under subchapter II of this chapter is in addition to private investment;
develop standards for, and a method for ensuring, appropriate financial performance of the Corporation’s portfolio;
develop standards for, and a method for evaluating and documenting the development impacts of the Corporation’s portfolio, including—
measurement of the projected and ex post development impact of a project; and
the information necessary to comply with section 9653 of this title;
develop standards for, and a method for ensuring, appropriate monitoring of the Corporation’s compliance with environmental and social standards consistent with the guidance published by the Corporation following broad consultation with appropriate stakeholders to include civil society; and
develop standards for, and a method for ensuring, appropriate monitoring of the Corporation’s portfolio, including standards for ensuring employees or agents of the Corporation identify and conduct in-person site visits of each high-risk loan, loan guarantee, and equity project, as necessary and appropriate, after the initial disbursement of funds.
Required performance measures update for Congressional Strategic Advisory Group
At any meeting of the Congressional Strategic Advisory Group, the Corporation shall be prepared discuss the standards developed in subsection (b) for all ongoing projects.
Public availability of certain information
The Corporation shall make available to the public on a regular basis information about support provided by the Corporation under subchapter II of this chapter and performance metrics about such support on a country-by-country basis.
Consultation
In developing the performance measurement system required by subsection (a), the Corporation shall consult with the Development Advisory Council established under section 9613(i) of this title and other stakeholders and interested parties engaged in sustainable economic growth and development.
Staffing for portfolio oversight and reporting
Requirement to maintain capacity
The Corporation shall maintain an adequate number of full-time personnel with appropriate expertise to fulfill its obligations under this section and section 9653 of this title, including—
monitoring and evaluating the financial performance of the Corporation’s portfolio;
evaluating the development and strategic impact of investments throughout the program lifecycle;
preparing required annual reporting on the Corporation’s portfolio of investments, including the information set forth in section 9653(a)(6) of this title; and
monitoring for compliance with all applicable laws and ethics requirements.
Qualifications
Personnel assigned to carry out the obligations described in paragraph (1) shall possess demonstrable professional experience in relevant areas, such as development finance, financial analysis, investment portfolio management, monitoring and evaluation, impact measurement, or legal and ethics expertise.
Organizational structure
The Corporation shall maintain such personnel within 1 or more dedicated units or offices, which shall—
be functionally independent from investment origination teams;
be managed by senior staff who report to the Chief Executive Officer or Deputy Chief Executive Officer; and
be allocated resources sufficient to fulfill the Corporation’s obligations under this section and to support transparency and accountability to Congress and to the public.
Insulation from reductions
The Corporation may not reduce the staffing, funding, or organizational independence of the units or personnel responsible for fulfilling the obligations under this section unless—
the Chief Executive Officer certifies in writing to the appropriate congressional committees that such reductions are necessary due to operational exigency, statutory change, or budgetary shortfall; and
the Corporation includes in its annual report a detailed explanation of the impact of any such changes on its capacity to analyze and report on portfolio performance.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Better Utilization of Investments Leading to Development Act of 2018
Pub. L. 115–254 div. F title IV § 1442 · 132 Stat. 3187
Enacted · 22 U.S.C. § 9652
Pub. L. 115–254, div. F, title IV, § 1442, Oct. 5, 2018, 132 Stat. 3504
Source evidence
Code source credit
Pub. L. 115–254, div. F, title IV, § 1442, Oct. 5, 2018, 132 Stat. 3504Enacted provision · exact public law section
SEC. 1442. PERFORMANCE MEASURES, EVALUATION, AND LEARNING. (a) In General.— The Corporation shall develop a performance measurement system to evaluate and monitor projects supported by the Corporation under title II and to guide future projects of the Corporation. (b) Considerations.— In developing the performance measurement system required by subsection (a), the Corporation shall— (1) develop a successor for the development impact measurement system of the Overseas Private Investment Corporation (as such system was in effect on the day before the date of the enactment of this Act); (2) develop a mechanism for ensuring that support provided by the Corporation under title II is in addition to private investment; (3) develop standards for, and a method for ensuring, appropriate financial performance of the Corporation’s portfolio; and (4) develop standards for, and a method for ensuring, appropriate development performance of the Corporation’s portfolio, including— (A) measurement of the projected and ex post development impact of a project; and (B) the information necessary to comply with section 1443. (c) Public Availability of Certain Information.— The Corporation shall make available to the public on a regular basis information about support provided by the Corporation under title II and performance metrics about such support on a country-by-country basis. (d) Consultation.— In developing the performance measurement system required by subsection (a), the Corporation shall consult with the Development Advisory Council established under section 1413(i) and other stakeholders and interested parties engaged in sustainable economic growth and development.Pub. L. 119–60 § 8754(1)(A) · 139 Stat. 1964
Added · 22 U.S.C. § 9652(b)(1)
Pub. L. 119–60, § 8754(1)(A), added par. (1)
Struck · 22 U.S.C. § 9652(b)(1)
Pub. L. 119–60, § 8754(1)(A), struck out former par. (1) which read as follows: “develop a successor for the development impact measurement system of the Overseas Private Investment Corporation (as such system was in effect on the day before October 5, 2018);”
Unresolved: Pub. L. 119–60 was not found in the local Statutes at Large index.
Source evidence
Code amendment note
Subsec. (b)(1). Pub. L. 119–60, § 8754(1)(A), added par. (1) and struck out former par. (1) which read as follows: “develop a successor for the development impact measurement system of the Overseas Private Investment Corporation (as such system was in effect on the day before October 5, 2018);”.Pub. L. 119–60 § 8754(1)(C)(i) · 139 Stat. 1964
Substituted · 22 U.S.C. § 9652(b)(4)
Pub. L. 119–60, § 8754(1)(C)(i), substituted “method for evaluating and documenting the development impacts” for “method for ensuring, appropriate development performance” in introductory provisions
Unresolved: Pub. L. 119–60 was not found in the local Statutes at Large index.
Source evidence
Code amendment note
Subsec. (b)(4). Pub. L. 119–60, § 8754(1)(C)(i), substituted “method for evaluating and documenting the development impacts” for “method for ensuring, appropriate development performance” in introductory provisions.Pub. L. 119–60 § 8754(1)(B) · 139 Stat. 1964
Added · 22 U.S.C. § 9652(b)(5); 22 U.S.C. § 9652(b)(6)
Pub. L. 119–60, § 8754(1)(B), (C)(ii), (D), added pars. (5) and (6)
Unresolved: Pub. L. 119–60 was not found in the local Statutes at Large index.
Source evidence
Code amendment note
Subsec. (b)(5), (6). Pub. L. 119–60, § 8754(1)(B), (C)(ii), (D), added pars. (5) and (6).Pub. L. 119–60 § 8754(2) · 139 Stat. 1964
Added · 22 U.S.C. § 9652(c)(e)
Pub. L. 119–60, § 8754(2), (3), added subsec. (c)
Redesignated · 22 U.S.C. § 9652(c)(e)
Pub. L. 119–60, § 8754(2), (3), redesignated former subsecs. (c) and (d) as (d) and (e), respectively
Unresolved: Pub. L. 119–60 was not found in the local Statutes at Large index.
Source evidence
Code amendment note
Subsecs. (c) to (e). Pub. L. 119–60, § 8754(2), (3), added subsec. (c) and redesignated former subsecs. (c) and (d) as (d) and (e), respectively.Pub. L. 119–60 § 8754(4) · 139 Stat. 1964
Added · 22 U.S.C. § 9652(f)
Pub. L. 119–60, § 8754(4), added subsec. (f)
Unresolved: Pub. L. 119–60 was not found in the local Statutes at Large index.
Source evidence
Code amendment note
Subsec. (f). Pub. L. 119–60, § 8754(4), added subsec. (f).
1 of 8 references resolved to an enrolled provision · 7 unresolved
Editorial Notes
Amendments
2025—Subsec. (b)(1). Pub. L. 119–60, § 8754(1)(A), added par. (1) and struck out former par. (1) which read as follows: “develop a successor for the development impact measurement system of the Overseas Private Investment Corporation (as such system was in effect on the day before );”.
Subsec. (b)(4). Pub. L. 119–60, § 8754(1)(C)(i), substituted “method for evaluating and documenting the development impacts” for “method for ensuring, appropriate development performance” in introductory provisions.
Subsec. (b)(5), (6). Pub. L. 119–60, § 8754(1)(B), (C)(ii), (D), added pars. (5) and (6).
Subsecs. (c) to (e). Pub. L. 119–60, § 8754(2), (3), added subsec. (c) and redesignated former subsecs. (c) and (d) as (d) and (e), respectively.
Subsec. (f). Pub. L. 119–60, § 8754(4), added subsec. (f).
Credits
2018–2025 · 2 acts
- 2018Pub. L. 115–254, div. F, title IV, § 1442, , 132 Stat. 3504
- 2025Pub. L. 119–60, div. H, title LXXXVII, § 8754, , 139 Stat. 1964.
Show as published
(Pub. L. 115–254, div. F, title IV, § 1442, , 132 Stat. 3504; Pub. L. 119–60, div. H, title LXXXVII, § 8754, , 139 Stat. 1964.)