ECONOMIC ASSESSMENT OF THE RURAL DEVELOPMENT PROJECT PHASE AS ONE OF THE FOREIGN FUNDED PROJECTS

Document Type : Original Article

Authors

Agric. Economics Dept., Fac. of Agric., Ain Shams Univ., P.O. Box 68, Hadayek Shobra 11241, Cairo, Egypt

Abstract

This research was generally aimed at conducting an economic study to evaluate the Beheira Governorate Rural Development Project Phase II, because of the availability of data necessary to carry out the ordinary economic and financial assessment, As one of the leading rural development projects in Egypt financed by of the Bank and the African Development Fund, where research has been aimed at studying the vulnerabilities to avoid them in the future, and strengths to sustain and develop it and increase its efficiency, and this can only be achieved through a systematic scientific assessment of the project.  It was one of the most important findings of the research that the project was characterized by rates of performance exceeding the target of the project in most of its activities. In addition to the feasibility of the project from the point of view of the financial and economic assessment, Despite 
the fact that the project is an agricultural development and most of its activities are not for profit, Despite the fact that the project is an agricultural development and most of its activities are not for profit, it achieved an internal rate of return of about 12.3% and achieved a positive net present value of about 7.7 million pounds, and The project has succeeded in recovering its capital in about two and a half years. The project has added value to beneficiaries of about 23.6 million pounds while achieving a national added value of about 10.5 million pounds and the social surplus rate is about 10. 2 million pounds, However, it is noted that the project spent a lot of money in the training activity, due to the limited education and lack of expertise among the beneficiaries and the lack of skilled labor, which led the project to pump a large part of the project funding for training activities. 

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