Aranka Anema




Impact evaluations aim to promote transparency, accountability and evidence-based recommendations for triple-bottom line investments. Aranka leads impact audits for bilateral and multilateral agencies that quantify financial and social returns on investment aligned with the United Nations Sustainable Development Goals (SDG) and Global Impact Investing Network (GIIN) reporting standards. Her institutional performance evaluations have spanned operations across 50 countries, representing over US $300 million foreign aid investments. 

Aranka advises private equity impact investment funds on how to incorporate environmental, social and corporate governance (ESG) criteria into their investment analyses and portfolios.  She guides funds on co-investment strategies and partnerships to ensure venture-backed companies and impact funds alike are accountable to measurable financial and social returns.  Aranka's latest project is the Planetary Food Fund which invests in food, nutrition and agtech solutions, with a goal to stimulate financial returns alongside planetary food security, both in disaster zones and on Mars.


European Commission

Aranka co-led the design and implementation of a field-based evaluation of a EUR 20 million investment by the European Commission into food security and water, sanitation and hygiene (WASH) programs in the Democratic People’s Republic of Korea (North Korea). Recommendations for improving program cost-effectiveness and measurable health impacts were adopted by international non-profit agencies working in-country.


Global Affairs Canada

Holding a multi-year standing offer agreement wit Global Affairs, Aranka led evaluations of Canadian foreign aid investments in humanitarian assistance, agriculture, gender equality and health, cumulatively valued at over in $120 million in programming. These performance evaluations utilized results-based management methods to assessed outputs and outcomes aligned with the UN SDG and Organisation for Economic Co-operation and Development metrics.


World Health Organization  

Aranka led the first comprehensive scientific and management evaluation of the World Health Organization (WHO) International Health Regulations tool for assessing public health emergencies of international concern. Evaluation findings and recommendations were endorsed by 194 signatory states, co-published with WHO in the journal of Globalization & Health, and presented at the World Health Assembly.


United States Agency for International Development

Aranka led a healthcare performance evaluation of the President's Emergency Plan for AIDS Relief’s US $200 million investment in nutritional support programs for people living with HIV. The evaluation involved quantifying availability, access and quality of healthcare services across 336 HIV clinics in nine sub-Saharan African countries, representing over 500,000 patients. Findings from this evaluation were published in the Journal of Public Health Nutrition and informed priorities for USAID's future regional programming in Africa.  




An estimated 2 billion people worldwide are affected my micronutrient deficiencies. In partnership with national Ministries of Health and corporate foundations, Aranka has designed monitoring & evaluation systems for UNICEF’s Micronutrient Initiative which distributes vitamins and minerals to millions of women and children in low-income countries. The initial pilot in Rwanda has now been adopted as industry best practice and is being rolled out health systems in 8 countries across Africa and Asia to track health outcomes among millions of beneficiaries.


World Bank Group

Led evaluation of World Bank’s US$9.7 million investment in demobilization and reintegration of ex-combatants in Central African Republic. Evaluation recommendations regarding human security, financial sustainability and health care access adopted by World Bank senior leadership to enhance program effectiveness. Today Aranka continues to advise the World Bank's Information Communications & Technology (ICT) through a joint standing offer agreement.