Catalog

	Table of Contents
p. 22 of 203 BACK | NEXT Foreword 1. Introduction to the Guidelines 2. User Instructions 3. Preparing and Appraising Investment Project 3.1. Investment Projects Overview 3.2. Possible Investment Projects 3.3. Appraisal Checklists 3.4. Forecasting 3.5. Preparing Financial Benefit-Cost Analyses 3.6. Loan Covenants 3.7. ADB Reports 4. Financial Management of Executing Agencies 5. Reporting and Auditing 6. Financial Institutions 7. Knowledge Management

Financial Management and Analysis of Projects

---

3. Preparing and Appraising Investment Project

3.1. Investment Projects Overview

3.1.1. ADB appraises (reviews) investment projects to ensure that they are technically, financially, and economically viable. It considers: (i) national, sectoral, and local needs for the investment; (ii) economic and financial justifications for the proposed project; (iii) sustainability; (iv) the extent to which the project contributes to human and technological advancement; (v) good governance aspects; and (vi) whether ADB will be fulfilling its own responsibilities as set out in the ADB Charter.

3.1.2. Investment projects are managed and implemented by EAs and IAs. Together with the parts on Financial Management and Reporting and Auditing, this part aims to provide financial analysts with comprehensive guidance on preparing and appraising investment projects, based on the ADB Operations Manual and related guidance documents. In addition to this overview, this part has six sections:

Back 2.11. Step 6: Project Completion	Next 3.1. Investment Projects Overview