Sector investment programmes have become a common tool in development assistance. However, their contribution to national growth of production and poverty reduction has been less investigated. The sector investments can be seen as a part of national fiscal policy, but, when run poorly, they can...

The HIPC initiative for debt relief in the poorest countries has been extended to cover more countries. Zambia is one the countries accepted under the enhanced initiative for a debt relief of US$ 3.8 billion. In this paper, the possible effects of this debt relief are analysed using a social...

A large share of the public transportation services is provided usingcontests for companies to find a low cost provider of these services. A trend towardssmaller units of transportation has been observed, as the demand for increasedefficiency and cost minimisation has shifted traditional...

This paper discusses two emerging issues in transport project appraisal. First, the discount rate may need to vary as many of the current projects have maintenance times shorter than the conventional transport projects, and these projects are less vulnerable to changes in the investment climate....