Henry Kerali: The Economic Analysis of Road Projects
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Speaking about “The Economic Analysis of Road Projects,” World Bank's Regional Director for the South Caucasus Henry Kerali came to ISET, Tuesday June 23. Mr. Kerali’s presentations was designed for the participants of the Finance for Professionals’ Course and ISET community.
As Mr. Kerali explained, assessing the benefits of investments in road infrastructure is of crucial importance, especially in developing countries like Georgia. Economic analysis of roads and any other infrastructural projects involves measuring the cost and benefits of the project. Mr. Kerali highlighted some of the methods the World Bank uses in practice to conduct aforementioned cost-benefit analysis. The cost of construction and maintenance is compared to the base case – a scenario without the project in order to evaluate reduction in vehicle operational costs. For this HDM 4 model is used, which is a very useful tool to estimate operating and pavement deterioration cost.
APRC in Armenia
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On June 19-21, 2015 Agriculture Policy Research Center (APRC) attended a conference organized by the Armenian Economic Association and jointly hosted by Yerevan State University (YSU), the Central Bank of Armenia (CBA-Dilijan), and the American University of Armenia (AUA). The conference, structured in several parallel sessions, lasted for three days and united young researchers, Ph.D. students and professors from the US, Canada and Europe.
During the conference APRC’s Senior Research Associate Salome Gelashvili gave a presentation titled “The role of family farming in the sustainable development of agriculture and poverty reduction in Georgia”. Ms. Gelashvili talked about the economic, social and environmental benefits of family farms as well as about the challenges these family farms have to face. She also discussed the place of family farms in the agricultural value chains and strategies for the development of family farms. She concluded the presentation with key policy recommendations.
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