Class 6 reference 1 the project cycle by warren c baum

ｒヽ ／ヽ TII:E PR {ЭJECT CYCLE WARREN C.BAUM ＞””ｏ● 図 Ｈ ， ／ヽ ／ヽ Copy.ltht o lr82 by lhc lnt.h.tlonrl 8.nI lor Rrconrtrucdon rnd Dcvclopmcnt / Thc Wbrld Brnk l0l8 H Str l., N.W- Wuhlntton, D.c 2063, U.S.L T:H:E PR⊂ )JECT CYCLE Fltrt rdltlon: Mrrch 1979 R.vL.d dlHor! July 1982 Sc(ond p.lnttrt: ftob.r rltht 198:t rc rvrd Mrnuracturad ln th Unltld St.t.a o, A!!arlc AII Lbnry ol Corgntc Catolodry in Publi.lrion D.tt - Brum Warrcn C Th proi.(t cycl l.lMDrid Ban彙 _ 2.臓:onomic deve10Pment PrOlect3 :.Tl::● 「 :(::3881.3365 :982 :SBN O・ 3213‐ 0022‐ 332.:`532 82‐ 8`60 AACR2 If the question, "What does the World Bank do?" had to be answered in a few words, fhose words would be: "It lends for development proiects." The Dank's main buslness is to lend for specific pioiects, carcfully selected and prepared, thoroughly appraloed, closely supervieed, and systematically evaluated Since opening lts doors ln 19,16, the Bank-ln the context of this pamphlet, the International Bank for Reconstruction and Development and it8 soft-loan affiliate, th'e Internatlonal Development Assoclation (IDA), whtch betan operatlons ln 1961-has made aome 3,094 development loanc and credits for g total of more than 092 billlon Of th€sc, the overwhelmlng maiorlty, over 90 percent, have been for opecific proiects ruch as schools, crop production prbgrams, hydroelectric power dams, roads, and fertilizer plants Thls concentratlon on proiect lending is directed at ensurlng that Bank funds are invested ln sound, productive proiects that contribute to the development of a borrowing country's economy ag well as to its capacity to repay the loan The Bank ls both a developmental and a Bnancial institution, and each proiect for which it lends must satlsfy both features of the institution The numbers of projects and the amounts loaned have grown markedly over recent yeara In the early 1950s, the Bank was making lewer than twenty loans a year, mostly ln Europe and Latin Amedca, totalinB about 0{00 milllon In ffscal year 1957, there were sixty-seven loani, more widely spread geographically totaling $l.l billion In the fiscal year ending in June 1981, 246 loans, totaling $12.3 billion, were approved for ninety countries There has been no less a change in the character of proiects Bank lendlng has become increasingly development oriented ln terms of borrowing countries, development strategy, sectors of lending, and proiect design Thlr prmphlct ir b$cd on.n.rll(h by W.r' n C.8.um, Vl( Pr.dd.nl, Oprrrllotrr Poll