Demirdag, Ilkay;
(2005)
Economic and financial project appraisal of social infrastructure projects: comparison of World Bank and European Investment Bank.
Masters thesis (M.Sc), UCL (University College London).
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Abstract
Turkey is a dynamic emerging market economy and a middle-income country getting loans, technical assistance, analytical and policy advice from Multilateral Development Banks (MDB) and Multilateral Financial Institutions (MFI) in order to carry out its development programmes. MDBs are institutions that provide financial support and professional advice for economic and social development activities in developing countries. MFIs differ from the MDBs in a narrower ownership/membership structure or in focusing on special sectors or activities. The research aims to investigate the economic and financial project appraisal of MDBs and MFIs through comparing World Bank and European Investment Bank by focussing on social infrastructure projects funded in Turkey. 2 case studies have been used for in-depth investigation of the appraisal processes of WB and EIB and interviews with the key project staff from both Banks have been carried out in order to: Outline the methodology of economical and financial appraisals of WB and EIB Identify lessons learned from case studies that reveal the difficulties of: Implementing in practice; Reconciling or combining financial and economic appraisals. Through these interviews, the pros, and cons, of the appraisal process of the both Banks have been identified. WB and EIB are very important finance sources for the development projects in Turkey. The key thing is to appraise the right projects with right appraisal methods. This research looks into ways of improving the appraisal processes and integrating financial and economic appraisals to increase the efficiency of the appraisals and success of the projects, which are summarised in the recommendation section of the research. Key Words: Financial Appraisal, Economic Appraisal, Multilateral Development Banks, Multilateral Financial Institutions, Social Infrastructure Projects.
| Type: | Thesis (Masters) |
|---|---|
| Qualification: | M.Sc |
| Title: | Economic and financial project appraisal of social infrastructure projects: comparison of World Bank and European Investment Bank |
| Identifier: | PQ ETD:593564 |
| Open access status: | An open access version is available from UCL Discovery |
| Language: | English |
| Additional information: | This thesis has been digitised by ProQuest. |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett Sch of Const and Proj Mgt |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1446229 |
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