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Financial and economic evaluation guidelines for community forestry projects in Latin America (英语)

A project supporting community forest enterprises (CFEs) and competitiveness in Mexico and Latin America is important for economic development. This report covers the principles of financial and economic analysis to improve the implementation of forestry projects in Latin America. A financial analysis considers costs, prices, and profits of carrying out a project or activity in terms of market prices. The main stages of the financial and economic analysis include defining the project objectives, collecting data for analysis, the estimation of inputs for activities, costs, and prices, the development of cash flow tables, the use of profitability indicators to estimate the financial or economic returns, the actual implementation of the project, and monitoring and evaluation. The Total Economic Value (TEV) is a new method used to estimate the value of all the economic benefits that society derives from a project or activity. For forests, the TEV involves the value of the benefits that society derives from the forest, so that it considers more than just the value of timber or commodities. An economic analysis of forestry projects must be rigorous and well documented. The implementation and monitoring of the project can assess the individual project and its compliance with the plans and identify problems in implementation. This summary reviews the economic and financial analysis of market and nonmarket goods and services, with application to forestry projects in Mexico and Latin America. Financial and economic analyses alone are not sufficient to make all project decisions, but they are necessary to ensure that projects are using scarce capital well and meet the minimum economic standards expected by forestry communities and landowners, foreign aid donors, and technical assistance groups. As noted in this review, financial and economic analysis can evaluate the profitability and selection of investments in market goods and services in present value terms though capital budgeting analyses.


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  • 文件名称

    Financial and economic evaluation guidelines for community forestry projects in Latin America

  • 关键词

    present value of project revenue;financial analysis;market price;economic and financial analysis;Internal rate of return;total economic value;environmental and social assessments;Social and Environmental Assessment;project monitoring and evaluation;social cost-benefit analysis;nontimber forest products;market valuation;stated preference methods;sustainable forest management;hectare per year;net present value;net social benefit;foreign aid donor;rates of return;contingent valuation method;forest resource management;long term investment;cost of capital;travel cost method;production function;sea level rise;building of infrastructure;number of jobs;adequate cash flow;improvements in efficiency;management of forest;direct use value;income generating activity;repair and maintenance;forest management techniques;difference in returns;value of good;rapid rural appraisal;price of output;community capacity building;forest product processing;infrastructure and facilities;forest management activities;cash flow revenue;sustainable land management;change cost;piece of property;community development activities;law and regulation;factor of production;return on capital;high opportunity cost;exchange of knowledge;prices for goods;cost of travel;average variable cost;average fixed cost;average total cost;reveal preference;shadow price;capital budget;option value;community forestry;existence value;forest enterprise;environmental benefit;timber harvest;nonmarket good;market cost;net return;social value;commercial market;nonuse value;carbon storage;hedonic pricing;discount rate;production process;financial return;market failure;economic valuation;market analysis;producer surplus;secondary data;environmental service;project selection;project analyses;average cost;variable input;cash inflow;investment analysis;land price;historical data;fixed input;public good;financial viability;environmental attributes;intangible costs;forest certification;population center;financial cost;input factor;genetic resource;cost component;environmental amenity;project duration;forestry community;subtropical forest;financial prices;watershed protection;input cost;accurate estimate;forest carbon;water quality;polar bear;supply function;project costing;endangered species;bequest value;Public Goods;sensitivity analysis;future value;demand function;natural forest;forest sector;holistic concept;ecosystem service;lumber prices;monarch butterfly;carbon cycling;forestry practices;passive use;survey questions;nutrient cycling;climate control;aesthetic value;management regimes;average price;world market;improved water;social utility;Social Welfare;carbon value;transfer payment;environmental value;nature tourism;societal benefit;hedonic wage;social term;demand model;social equilibrium;individual preference;natural site;individual value;potential investment;cash outflow;entrance fees;forest system;admission price;ecological process;timber value;environmental component;soil protection;price market;demand curve;project datum;price surveys;regression analysis;output price;property value;statistical model;budget expenditure;budget outlay;shadow pricing;forest good;nonmarket benefits;project impact;financial resource;resource users;natural capital;environmental problem;social issue;livelihood analysis;wealth ranking;quantitative measure;Agrarian Reform;purchase price;technical expert;environmental plan;extensive consultation;insurance cost;production level;tree planting;gross wage;critical habitat;environmental criterion;forest owner;marginal revenue;interest charge;annual investment;expensive equipment;fixed equipment;financial estimates;fringe benefit;brazilian amazon;financial approach;environmental externality;comparative advantage;free market;social justice;community level;ponderosa pine;global forest;incremental cost;lending agency;marginal change;functioning market;transfer method;monitoring effort;survey data;measurement technique;conjoint analysi;financial standpoint