The Present Chapter
It explains the social-costs benefit approach to project appraisal.
Introduction
The techniques of financial and economic analysis and impact assessment are becoming increasingly important for project evaluation, especially for choosing between projects where resources, both financial and human, are limited. The use of recognized assessment techniques for project proposals has become mandatory as part of the selection process for projects funded by the international financial institutions such as the World Bank, the International Finance Corporation, Asian Development Bank, and others. However, while financial and economic issues are relevant for projects, policy makers and financial ...
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