Cost-Benefit Analysis at a Crossroads

The New World Bank and Asian Development Bank Guidelines on Economic Analysis of Investments

Authors

  • William A. Ward Clemson University Clemson, SC USA

DOI:

https://doi.org/10.3138/cjpe.0012.003

Abstract

The World Bank and the Asian Development Bank are revising their respective Guidelines for Economic Analysis of Investments in response to a changed economic environment. Organization and management changes are also occurring as the banks attempt to both reduce the budget and improve project quality. These changes have implications for the consultants who increasingly conduct the banks’ project appraisals. The new guidelines generally encourage the use of a willingness-to-pay numeraire expressed at the domestic price level and a shadow exchange rate. This article addresses the distribution of project impacts in distribution tables rather than using income weights.

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Published

1997-12-01

How to Cite

Ward, W. A. (1997). Cost-Benefit Analysis at a Crossroads: The New World Bank and Asian Development Bank Guidelines on Economic Analysis of Investments. Canadian Journal of Program Evaluation, 12(3), 47–66. https://doi.org/10.3138/cjpe.0012.003

Issue

Vol. 12 No. 3 (1997): Special Issue

Section

Articles

License

Copyright (c) 1997 William A. Ward

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