Cost-Benefit Analysis in World Bank Projects

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dc.creatorIndependent Evaluation Group
dc.date2012-03-19T09:36:29Z
dc.date2012-03-19T09:36:29Z
dc.date2010
dc.date.accessioned2026-07-01T00:56:28Z
dc.descriptionThis report has been prepared in the context of a major global effort in the past eight years to better measure results in development assistance. The agenda for this effort was articulated and refined in a series of international conferences, beginning with the international conference on financing for development in Monterrey in 2002 and continuing through the Accra agenda for action in 2008. Cost-benefit analysis entails measuring results, valuing results, and comparing results with costs, and hence is highly relevant to the results agenda. Cost-benefit analysis can provide a comprehensive picture of the net impact of projects and help direct funds to where their development effectiveness is highest. This study draws two broad conclusions. First, the bank needs to revisit its policy for cost-benefit analysis in a way that recognizes the legitimate difficulties in quantifying benefits while preserving a high degree of rigor in justifying projects. Second, the bank needs to ensure that cost-benefit analysis is done with quality, rigor, and objectivity: poor data and analysis misinform, and do not improve, results. Reforms are required to project-appraisal procedures to ensure objectivity, improve both the analysis and the use of evidence at appraisal, and ensure effective use of cost benefit analysis in decision making.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20110614052210
dc.identifier978-0-8213-8578-4
dc.identifierhttps://hdl.handle.net/10986/2561
dc.identifierhttps://doi.org/10.1596/978-0-8213-8578-4
dc.identifier.urihttp://hdl.handle.net/123456789/413268
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectACCOUNTING PRINCIPLES
dc.subjectACCOUNTING STANDARDS
dc.subjectBENEFICIARIES
dc.subjectBENEFIT ANALYSIS
dc.subjectBENEFIT STREAMS
dc.subjectCAPACITY BUILDING
dc.subjectCOMMUNITIES
dc.subjectCOST-BENEFIT ANALYSES
dc.subjectCOST-BENEFIT ANALYSIS
dc.subjectCOUNTERFACTUAL
dc.subjectDECISION MAKING
dc.subjectDRIVING
dc.subjectECONOMIC ANALYSIS
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC IMPACT
dc.subjectECONOMIC REFORM
dc.subjectECONOMICS
dc.subjectECONOMISTS
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEFFECTIVE USE
dc.subjectEMERGENCY RESPONSE
dc.subjectEMPIRICAL BASIS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPLOYMENT
dc.subjectENVIRONMENTAL
dc.subjectENVIRONMENTAL COSTS
dc.subjectENVIRONMENTAL EXTERNALITIES
dc.subjectENVIRONMENTAL IMPACTS
dc.subjectEX ANTE ANALYSIS
dc.subjectEXPENDITURES
dc.subjectEXTERNALITIES
dc.subjectFINANCIAL COVENANTS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFISHERIES
dc.subjectFORECASTS OF TRAFFIC GROWTH
dc.subjectHIGHWAY
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD SURVEYS
dc.subjectICR
dc.subjectIDEAL INDICATORS
dc.subjectIMPACT EVALUATION
dc.subjectINCOME
dc.subjectINTEREST RATES
dc.subjectINTERVENTION
dc.subjectINTERVENTIONS
dc.subjectLEARNING
dc.subjectMANDATES
dc.subjectMARKET PRICES
dc.subjectPOLICY CHANGES
dc.subjectPOSITIVE EXTERNALITIES
dc.subjectPOVERTY REDUCTION
dc.subjectPRESENT VALUE
dc.subjectPRIVATE GOODS
dc.subjectPRODUCTIVITY
dc.subjectPROGRAMS
dc.subjectPROJECT BENEFICIARIES
dc.subjectPROJECT MONITORING
dc.subjectPROJECT OBJECTIVES
dc.subjectPUBLIC GOOD
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC INVOLVEMENT
dc.subjectRESOURCE MANAGEMENT
dc.subjectROAD
dc.subjectROAD PROJECTS
dc.subjectROADS
dc.subjectRURAL DEVELOPMENT
dc.subjectSELECTION BIAS
dc.subjectSETTLEMENT
dc.subjectSHADOW PRICES
dc.subjectSUBSIDIARY
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRAFFIC
dc.subjectTRAFFIC DENSITY
dc.subjectTRAFFIC GROWTH
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTRANSPORT PROJECTS
dc.subjectTRANSPORT SECTOR
dc.subjectTRUE
dc.subjectURBAN DEVELOPMENT
dc.subjectWAGES
dc.subjectWEALTH
dc.titleCost-Benefit Analysis in World Bank Projects

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