Harnessing economic growth to reduce poverty, ensuring that growth is inclusive of marginalised and excluded communities.
Supporting Inclusive Growth requires expanding economic opportunities. This includes engaging the private sector to create employment opportunities and supporting them to access markets for marginalised and excluded groups.
Simultaneously, this requires extending the provision of basic and affordable utilities to these communities, ensuring they are resilient in the face of climate change and changes to livelihoods.
An Inclusive Growth approach considers why excluded communities such as women and girls, young people, the urban and rural poor and ethnic minorities are unable to access economic opportunities and receive basic utilities. Designing responses to these challenges of exclusion are complex, and reflect a variety of socio-economic conditions.
In response, IMC employs a multi-disciplinary approach, applying innovative solutions to address these challenges.
We work in partnership with the private, public and third sector to pilot, test and scale solutions which reflects the needs of each community; supporting them to access economic opportunities and basic utilities and develop strategies for improving their livelihood.
Using a multi-disciplinary approach, IMC analyses the needs of the community and designs solutions that reflect their individual circumstances. Specifically, our approach includes:
- Applying a creative and adaptive approach to programme design and project management. We are flexible in how we help our clients and beneficiaries achieve their outcomes, applying the relevant socio and economic methodologies for each community. Using a participatory approach, we work closely with beneficiaries to assess their needs and co-create solutions.
- Piloting and testing innovation. We define Innovation as the development of a new idea; the application of a more effective product, service and/or process; or the transfer of an existing solution to a new market or territory. This ranges from high-tech to low/no-tech solutions. Throughout the process we provide technical assistance to stakeholders in the public and private sector, ensuring they remain focused on addressing the needs of marginalised communities.
- Generating and sharing knowledge with communities, donors and practitioners about successes and lessons learnt during the implementation inclusive growth programmes. We embed and implement a robust monitoring and evaluation framework within our programmes. This generates quantitative and qualitative data to inform future programme design and dissemination of knowledge to the wider development community.
- Working in partnership with public, private and third sector stakeholders to develop a collaborative approach to the design and implementation of inclusive growth programmes.
- designing and developing innovation prizes to induce the development of basic utilities for low-income households
- designing and managing innovative finance mechanisms for all stages of entrepreneurship and business growth cycle
- undertaking analysis and value chains development to strengthen business and livelihoods, particularly in rural economies
- undertaking entrepreneurship ecosystems diagnostic and supporting the development of an enabling environment to entrepreneurs
- provision of training and bespoke technical assistance to entrepreneurs at the ideation, pilot and testing, validation implementation and growth stages of business development
- development of practical toolkits to support the implementation of services designed to improve the lives of poor
- primary and secondary research designed to build the evidence based for inclusive growth activities and to advise donors and practitioners on programme and policy design
- undertaking detailed assessments to determine, and subsequently address programme beneficiaries needs.
- due diligence / Grant/Fund management
- evaluation and dissemination of lessons learnt
- knowledge management
- development of case studies and knowledge products