Sec. 403. Annual report
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After the end of each fiscal year, the Corporation shall submit to the appropriate congressional committees a complete and detailed report of its operations during that fiscal year, including an assessment of— the economic and social development impact, including with respect to matters described in subsections
(d)and
(e)of section 501, of projects supported by the Corporation under title II; the extent to which the operations of the Corporation complement or are compatible with the development assistance programs of the United States and qualifying sovereign entities; the Corporation’s institutional linkages with other relevant United States Government department and agencies, including efforts to strengthen such linkages; and the compliance of projects supported by the Corporation under title II with all relevant human rights, environmental, labor, and social policies, or other such related policies that govern the Corporation’s support for projects, promulgated or otherwise administered by the Corporation. Each annual report required by subsection
(a)shall include projections of the effects of projects supported by the Corporation under title II, including— reviews and analysis of— the desired development and whether or not the Corporation is meeting the associated metrics, goals, and development objectives, including, to the extent practicable, in the years after conclusion of projects; and the effect of the Corporation’s support on access to capital and ways in which the Corporation is addressing identifiable market gaps or inefficiencies and what impact, if any, such support has on access to credit for a specific project, country, or sector; an explanation of any partnership arrangement or cooperation with a qualifying sovereign entity in support of each project; projections of— development outcomes, and whether or not support for projects are meeting the associated performance measures, both during the start-up phase and over the duration of the support, and to the extent practicable, measures of such development outcomes should be on a gender-disaggregated basis, such as changes in employment, access to financial services, enterprise development and growth, and composition of executive boards and senior leadership of enterprises receiving support under title II; and the amount of private sector assets brought to bear relative to the amount of support provided by the Corporation and any other public sector support; and an assessment of the extent to which lessons learned from the monitoring and evaluation activities of the Corporation, and from annual reports from previous years compiled by the Corporation, have been applied to projects.