1. The project appraisal is the third phase of the project cycle to the African Development Bank. It involves a comprehensive and systematic review of all aspects of project review by the Bank staff to prepare a report with appropriate recommendations that the Board will base its decision approving the financing for the project.
Project appraisal can be done when the project was properly identified and prepared to the satisfaction of Bank Management, and a request for funding received from the countries or beneficiaries. It has been already demonstrated that the proposal is consistent with the goals, objectives, needs and resources of the country and with the programs and lending policies of the Bank Group. To this end, a project should be appraised as if included in the loan program. Before the appraisal, the physical viability, economic and financial have been assessed and the size, scope, methods and implementation modalities and duration of implementation have been determined and demonstrated during the preparation phase.
2. Project appraisal is defined as the critical examination of the relevance, feasibility and potential effectiveness of a project (or program) before the decision of the Board whether to undertake the project or program or whether to approve the assistance requested. It is a process of review, verification and clarification which confirms and, if necessary, updates the objectives of the project and its technical and economic justification. The appraisal process includes a field mission staff of the Bank and, if necessary, outside specialists in the country and on the project site.
3. Appraisal is essential to ensure quality at entry and to create the necessary framework for the implementation and monitoring of the project. The main task of project manager and the appraisal team during this process will be to confirm and refine the information and the enforcement provisions contained in the preparation report and in the Draft Official document of appraisal. All major project issues are developed during this phase which comprises three stages, namely: the conduct of the field assessment, the preparation of the appraisal report and working papers relating to the project and that preparation for negotiations.
In attachment, you have the available appraisal reports.