This major work brings together authors with experience of both academic and operational project work to focus on issues such as the shadow exchange rate, the shadow wage, the discount rate and assessment of poverty impact and risk, as well as problems relating to specific sectors covering...

1. Introduction -- 2. Main Features of Projects, Project Resource Statements and Financial Statements -- 3. Project Criteria and Differences between Financial and Economic Analysis -- 4. National Economic Returns and Use of Economic Prices -- 5. Comparing Alternative Approaches -- 6. Economic...

Investment projects are an important mechanism for economic development. However, their costs and benefits must be assessed to ensure that the resources committed are being used as productively as possible. This book explains the techniques available to assess the economic impact of projects in...