COST & BENEFIT ANALYSIS OF INVESTMENT PROJECTS FINANCED BY THE WORLD BANK

By Ergul Haliscelik, "COST & BENEFIT ANALYSIS OF INVESTMENT PROJECTS FINANCED BY THE WORLD BANK",  

International Balkan and  Near Eastern Social Sciences Congress Series IV. IBANESS Congress Series-Russe / BULGARIA , 08-09 Nisan, 2017

 The World Bank Group is composed of 5 closely associated institutions. 189 member countries are the owners of these institutions and   have authority and final decision power. These institutions have different missions and specialize in different aspects of development but they use their comparative advantages to work collaboratively toward the same overarching goal of poverty reduction. 


World Bank provides 3 kinds of lending instrument to member countries. These are investment (project) loans, development policy (program-adjustment) loans and the hybrid loans. Starting with Country Assistance Strategy and Project Identification and with the following stages and completed with the evaluation phase, there are eight stages in a project cycle of the investment projects financed by the Bank. While Cost Benefit Analysis (CBA), process of identifying, measuring and comparing benefits and costs of an investment project or program,  is usually used to evaluate the value for money of private and public sector projects, it determines the feasibility of a project by quantifying all relevant costs and benefits in monetary terms. Although there are CBA sections in the document prepared by bank, CBAs are not or cannot be done for the majority of projects.  In this study, after introduction of the World Bank Group, its mission, lending instrument,                 project cycle of the bank financed projects, useful and applicable recommendations will be given for the CBAs of bank financed projects.

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