WHAT DOES PROJECT APPRAISAL ENTAIL ?
This is the most crucial stage of the project cycle at which the institution makes a critical evaluation of technical, economic, financial, institutional and managerial aspects of the project under consideration to determine its viability and to take a decision on whether to finance the project or not.
WHAT HAPPENS DURING THE PROJECT PREPARATION STAGE ?
This stage involves collection of relevant information and basic data for the use in the appraisal and evaluation of the project. It is also during this stage that existing documentation such as feasibility studies and reports on past performance and security arrangements are scrutinized and agreed on. This normally involves physical visit to the site for verification of infrastructural facilities, premises and the subject of security.
WHAT ARE THE STAGES INVOLVED IN THE PROJECT LIFE CYCLE ?
IDB’s project cycle starts from the basic project idea to a commercially operative enterprise and involves project identification, project preparation, project appraisal, project appraisal, project approval and legal documentation.
WHAT ARE IDB'S SECTORAL CONSIDERATIONS ?
IDB finances projects that have positive contributions to the national economy. To determine this, the institution evaluates the projects’ contribution to national employment, positive balance of payment effects, extent of utilization of local resources, transfer of appropriate technology and increase in national income.