By Michael Bamberger
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Concern with reducing the repayment period on social forestry projects has encouraged the planting of eucalyptus trees which grow quickly, but which cannot be used for fodder. Consequently forests can no longer sustain cattle production. Uncontrolled deforestation has resulted in 4 million hectares of land being swallowed up by ravines. 13 Defining Sustainability Project Sustainability Project sustainability is defined by many economists and international development agencies as the capacity of a project to continue to deliver its intended benefits over a long period of time.
C. W. C. A. All rights reserved Manufactured in the United States of America First printing October 1990 Third printing August 1995 The Economic Development Institute (EDI) was established by the World Bank in 1955 to train officials concerned with development planning, policymaking, investment analysis, and project implementation in member developing countries. At present the substance of the EDI's work emphasizes macroeconomic and sectoral economic policy analysis. Through a variety of courses, seminars, and workshops, most of which are given overseas in cooperation with local institutions, the EDI seeks to sharpen analytical skills used in policy analysis and to broaden understanding of the experience of individual countries with economic development.
It is also unclear whether rent reflects the total benefits received from a project or only those perceived by the families. Do rental values reflect all the health benefits from improved water supply (many of which may not be perceived by area households), or the benefits to the city from disease control, or reduced crime rates? Even when monetary values are appropriate measures of project costs and benefits, the true monetary values are often difficult to estimate. For example, what will the price of rice be in 5 years, and how much will rents increase?