Cost-Benefit Analysis of Liberia’s Rice and Goat Value Chains

Mikhail Miklyaev, Majid Hashemi and Melani Schultz ()
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Melani Schultz: International Development Group

No 2017-01, Development Discussion Papers from JDI Executive Programs

Abstract: This paper presents the findings of the CBA of Liberia’s work with rice and goat value chains (VCs), specifically evaluating the recent Feed the Future (FtF) activities implemented under the Food and Enterprise Development program (FED). The Integrated Investment Appraisal (IIA) methodology is used to evaluate both the financial and the socio-economic effectiveness of FED interventions and assess their impacts from various perspectives. In conclusion, the ENPV of FED project once the USAID cost is included is a negative US$10.19 million, indicating that the benefits of the interventions do not outweigh the costs. The ERR is only 7.6 percent, which is 4.4 percent lower than the threshold of 12 percent set by USAID. The recent Ebola outbreak and other factors including the high logistical costs in Liberia contributed to the negative returns of FED interventions.

Keywords: cost-benefit analysis; investment appraisal; stakeholder analysis; rice and goat value chain; Liberia (search for similar items in EconPapers)
JEL-codes: D13 D31 D61 D62 E23 H42 (search for similar items in EconPapers)
Pages: 60 pages
Date: 2017-01
New Economics Papers: this item is included in nep-agr and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:qed:dpaper:298

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