The Program on Economic Appraisals of Projects, designed for staff of the Inter-American Development Bank (IDB) was a great success. This one-week tailored program was delivered in Washington, DC, from November 17 to 21, 2014.
The IDB is a leading organization in the use of economic analysis for investment decisions. The course reviewed existing foundations of economic analysis, and introduced updated methodologies for impact evaluation and appraisals in some specific sectors.
The course covered the following topics:
- Construction of cash flow statements from alternative points of view
- Alternative investment criteria and use of debt service coverage ratios
- Principles underlying the integrated approach for economic and stakeholder analysis
- Evaluation of the economic value of transactions in non-competitive, tradable, and non-tradable markets
- Evaluation of investments made in major infrastructure projects
- Power (thermal and renewable electricity generation)
- Evaluation of investments made in social programs, governance, and fiscal infrastructure
- Citizen security
- Trade facilitation
- Fiscal infrastructure
- New techniques for valuation and integration of non-market goods
- Integration of environmental impacts
- The use of benefit transfer in valuation of social and environmental impacts
At the end of the course, a panel discussion was organized jointly with the Office of Strategic Planning and Development Effectiveness. A collection of topics based on observations throughout the course were discussed in further detail.
The feedback from participants was outstanding. IDB is conducting a multi-stage formal post-evaluation on the applicability of the delivered materials. We will post a summary of evaluation results on this page as soon as the results are compiled and sent to us.