scholarly journals Uncertainty Analysis in Project Appraisal*

1976 ◽  
Vol 1 (1) ◽  
pp. 21-30
Author(s):  
M. Meenakshi Malya
Keyword(s):  
Sensitivity Analysis ◽  
Risk Analysis ◽  
World Bank ◽  
Capital Investment ◽  
Formal Approach ◽  
Investment Projects ◽  
Project Appraisal ◽  
The World Bank ◽  
The World ◽  
Methodological Problems

One of the inherent characteristics of capital investment projects is the presence of uncertainties in estimated outlays and future benefits. The concept of sensitivity analysis in project appraisal has been recently extended to include risk analysis. The assessment of the nature and magnitude of uncertainties poses methodological problems. The complexities arising out of interdependencies among the uncertainties necessitate a formal approach to risk analysis. A methodology for assessing the uncertainties, especially when they are interdependent, is outlined here. The application of the methodology is illustrated in the context of a project financed by the World Bank.

World Bank Directives, Domestic Interests, and the Politics of Human Capital Investment in Latin America

2000 ◽  
Vol 33 (1) ◽  
pp. 113-143 ◽  
Author(s):  
WENDY HUNTER ◽  
DAVID S. BROWN
Keyword(s):  
Developing Countries ◽  
Human Capital ◽  
World Bank ◽  
Latin American ◽  
Capital Investment ◽  
Developed Countries ◽  
Cross Sectional ◽  
Education And Health ◽  
The World Bank ◽  
The World

Recent studies underscore the importance of international organizations in transmitting norms, ideas, and values to developing countries. But has this diffusion influenced government policy in less developed countries? During the past two decades, the World Bank has emphasized the need for Third World governments to increase the stock of human capital by investing in education and health. Specifically, it has encouraged developing countries to shift an increasing share of their resources toward primary education. The authors examine 13 Latin American countries between 1980 and 1992 to establish the relationship between World Bank project lending and government investment in human capital. They combine time-series cross-sectional analysis with field research to evaluate the World Bank's influence on government spending on education and health. Although the World Bank may be successful in convincing developing country technocrats to “invest in people,” this research suggests that it is less successful in convincing the politicians who control the purse strings.

Investment and Development Banks and Strategies in Turkey

2014 ◽  
pp. 131-140
Author(s):  
Ismail Erkan Celik ◽  
Hasan Dinçer ◽  
Ümit Hacioğlu
Keyword(s):  
World Bank ◽  
Industrial Development ◽  
International Investment ◽  
Investment Strategies ◽  
Development Bank ◽  
Investment Bank ◽  
Investment Projects ◽  
The World Bank ◽  
The World ◽  
Development Banks

The World Bank is the most important financier for international investment. The bank opens credits mostly for investment projects in developing countries. Turkey has received various investment credits since its membership to the World Bank on March 11, 1947. The credits were used for economic and social domains. Turkey has also been granted credits from the European Investment Bank (EIB). The credits received are composed of micro credits that belong to Small and Medium Enterprises (SMEs). A regional development bank, Islamic Development Bank, has also received credits through Eximbank and Industrial Development Bank of Turkey (TSKB) to finance Turkish SMEs. This chapter deals with Turkish investment strategies in the framework of basic principles of investment – development banks.

Investment and Development Banks and Strategies in Turkey

2014 ◽  
pp. 127-136
Author(s):  
Ismail Erkan Celik ◽  
Hasan Dinçer ◽  
Ümit Hacioğlu
Keyword(s):  
World Bank ◽  
Industrial Development ◽  
International Investment ◽  
Investment Strategies ◽  
Development Bank ◽  
Investment Bank ◽  
Investment Projects ◽  
The World Bank ◽  
The World ◽  
Development Banks

The World Bank is the most important financier for international investment. The bank opens credits mostly for investment projects in developing countries. Turkey has received various investment credits since its membership to the World Bank on March 11, 1947. The credits were used for economic and social domains. Turkey has also been granted credits from the European Investment Bank (EIB). The credits received are composed of micro credits that belong to Small and Medium Enterprises (SMEs). A regional development bank, Islamic Development Bank, has also received credits through Eximbank and Industrial Development Bank of Turkey (TSKB) to finance Turkish SMEs. This chapter deals with Turkish investment strategies in the framework of basic principles of investment – development banks.

scholarly journals Regional Development and Effects of Investment Banks

2016 ◽  
Vol 2 (1) ◽  
pp. 48
Author(s):  
Ismail Erkan Celik ◽  
Umit Hacioglu ◽  
Hasan Dincer
Keyword(s):  
Regional Development ◽  
World Bank ◽  
Industrial Development ◽  
Small And Medium Enterprises ◽  
International Investment ◽  
Development Bank ◽  
Investment Projects ◽  
The World Bank ◽  
The World ◽  
European Investment

<p>The World Bank is the most important financier for international investment. The bank opens credits mostly for investment projects in developing countries. Turkey has received various investment credits since its membership to the World Bank on March 11, 1947. The credits were used for economic and social domains. Turkey has also been granted credits from the European Investment Bank (EIB). The credits received are composed of micro credits that belong to small and medium enterprises (SMEs). A regional development bank, Islamic Development Bank, has also received credits through Eximbank and Industrial Development Bank of Turkey (TSKB) to finance Turkish SMEs. This paper deals with Turkish investment strategies in the framework of basic principles of investment – development banks.</p>

scholarly journals Reviving Project Appraisal at the World Bank

1999 ◽  
Author(s):  
Shantayanan Devarajan ◽  
Lyn Squire ◽  
Sethaput Suthiwart-Narueput
Keyword(s):  
World Bank ◽  
Project Appraisal ◽  
The World Bank ◽  
The World

VISUALIZING UNCERTAINTIES, OR HOW ALBERT HIRSCHMAN AND THE WORLD BANK DISAGREED ON PROJECT APPRAISAL AND WHAT THIS SAYS ABOUT THE END OF “HIGH DEVELOPMENT THEORY”

2014 ◽  
Vol 36 (2) ◽  
pp. 137-168 ◽  
Author(s):  
Michele Alacevich
Keyword(s):  
World Bank ◽  
Development Economics ◽  
Development Theory ◽  
Project Design ◽  
Project Appraisal ◽  
Albert Hirschman ◽  
The World Bank ◽  
The World ◽  
History Of ◽  
The 1960S

Since its birth in 1944, the World Bank has had a strong focus on development projects. Yet, a project evaluation function was not made operational until the early 1970s. An early attempt to conceptualize project appraisal had been initiated in the 1960s by Albert Hirschman, whose undertaking raised high expectations at the Bank. Yet, Hirschman’s conclusions—published first in internal Bank reports and finally as a book in 1967—disappointed many at the Bank, primarily because they were found impractical. Hirschman attempted to offer the Bank a new Weltanschauung by transforming the Bank’s approach to project design, project management, and project appraisal. Instead, what the Bank expected from Hirschman was not a revolution, but rather an examination of the Bank’s projects and advice on how to make project design and management more measurable, more controllable, and more suitable for replication.The history of this failed collaboration gives useful insights on the unstable equilibrium between operations and evaluation within the Bank. In addition, it shows that the Bank was active in the development economics debates of the 1960s. These insights should be of interest for those development economists today who reflect on the future of the discipline and emphasize the need for a non-dogmatic approach to the study of development issues. It should also be of interest for the Bank itself, with its renewed attention to the importance of evaluation for effective development policies. The history of the practice of development economics, together with the use of archival material, can bring new perspectives that contribute to a better understanding of the evolution of this discipline.

Choosing to Target: What Types of Countries Get Different Types of World Bank Projects

2010 ◽  
Vol 62 (3) ◽  
pp. 422-458 ◽  
Author(s):  
Matthew S. Winters
Keyword(s):  
International Development ◽  
World Bank ◽  
Good Governance ◽  
Original Data ◽  
Data Set ◽  
Investment Projects ◽  
The World Bank ◽  
The World ◽  
Different Types ◽  
Aid Programs

Well-governed countries are more likely to make use of foreign aid for the purposes of economic development and poverty alleviation. Therefore, if aid agencies are providing funds for the sake of development, these countries should receive more aid and categorically different types of aid as compared with poorly governed countries. In poorly governed countries aid should be given in forms that allow for less discretion. Using an original data set of all World Bank projects from 1996 to 2002, the author distinguishes programmatic projects from investment projects and national from subnational investment projects. If the World Bank allows more discretion in well-governed countries, then it will choose to provide programmatic and national aid for these recipients. The author presents evidence that the World Bank provides a larger proportion of national investment lending in better-governed countries. With regard to programmatic lending, he finds mixed evidence. Among counties eligible for International Development Association (IDA) aid, good governance surprisingly is associated with a lower proportion of programmatic aid, whereas for International Bank for Reconstruction and Development (IBRD) borrowers, good governance is associated with a higher proportion. The author subjects these results to a number of robustness checks. Although he confirms the existing result in the literature that the World Bank provides larger overall amounts of aid to better-governed countries, his examination of the disaggregated data leads to questioning whether both lending wings of the World Bank are designing aid programs in the most prodevelopment way possible.

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