COST-BENEFIT ANALYSIS FOR DEVELOPMENT A Practical Guide

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COST-BENEFIT ANALYSIS FOR DEVELOPMENT 

Guided by its vision of an Asia and Pacific region free of poverty, Asian Development Bank (ADB) is committed to reducing poverty through increased regional integration and both inclusive and environmentally sustainable growth. With a focus on delivering projects that create positive economic and developmental impact, ADB issued the Guidelines for the Economic Analysis of Projects in 1997 to strengthen project quality ‘at entry’. This helps ensure efficient use of development funds, public resources and increases aid effectiveness. The series of economic analysis retrospectives by the Economics and Research Department (ERD) from 2003 to 2008--which assessed the quality of economic analysis applied in ADB operations-- paved the way for the updating of specific guidelines on economic analysis. Efforts were focused on improving cost-benefit analysis with an emphasis on key sectors in which ADB operates. This book, Cost−Benefit Analysis for Development: A Practical Guide, is the direct result of those efforts.

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