International Forest Projects: Trends, Profitability and Financing | Zendy

Yves C. Dubé | Zendy

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International Forest Projects: Trends, Profitability and Financing

Author(s) -

Yves C. Dubé

Publication year - 1988

Publication title -

the forestry chronicle

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.335

H-Index - 49

eISSN - 1499-9315

pISSN - 0015-7546

DOI - 10.5558/tfc64199-3

Subject(s) - investment (military) , business , profitability index , deforestation (computer science) , finance , forest management , rate of return , externality , action plan , natural resource economics , forestry , economics , geography , political science , politics , computer science , microeconomics , law , programming language , management

International forest projects financed by development assistance agencies or international lending institutions, have evolved during the last 20 years from industrial forest management projects to agroforestry/watershed conservation projects. A 1985 World Resources Institute report calls for the investment of $8 billions US over the period 1987-91 to fight deforestation. International forest projects ex-ante rates of return are found to be well above 10%. Non-economic variables and economic variables are listed to explain a 50% discrepancy between those and ex-post rates of return of forest plantation projects in West Africa. The financial and economic analysis is defined and proposed to improve their financing. Key words: Tropical forestry action plan, rates of return, common property, externalities, private and public sectors participation.

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