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Description
The EIB calculates the economic returns of its projects using internationally accepted methods. Beyond financial viability considerations, it also appraises the socio-economic costs and benefits to make sure that the projects the EIB finances constitute a sound contribution to society at large. This analysis is an input for the three pillar framework for assessing projects, where economic interest is the main determinant of the key first pillar.The Economic Appraisal of Investment Projects at the EIB - 2nd Edition
The economic appraisal addresses the wider value generated by the project to society, correcting for market failures in order to measure benefits and costs to project final users, the taxpayer and third parties.
