← Project Appraisal Level 3: Advanced Project Risk, Structuring and Monitoring

Economic, environmental, social and regulatory appraisal

Module 02 / 5 · 55 min

Look beyond the project's own profit and loss to the risks that can close a profitable plant: pollution, community conflict, foreign exchange and changing regulation.

In this module you will learn to

Explain how economic appraisal differs from financial appraisal
Measure a project's foreign exchange earning or saving
Apply the environmental and social checks a bank requires for large project loans
Identify foreign exchange, incentive and regulatory dependencies and set conditions for them

Built on

Erudite Africa training module: Project Appraisal Level 3: Advanced Project Risk, Structuring and Monitoring (October 2026)
A commercial bank's Revised Credit Procedure Manual (2025), unnamed
NBE directives as listed in the lessons: FXD/01/2024 as amended (including FXD/04/2026), SBB/87/2024, SBB/90/2024
Ethiopian laws: Environmental Impact Assessment Proclamation No. 299/2002, Environmental Pollution Control Proclamation No. 300/2002, Movable Property Security Right Proclamation No. 1147/2019, Insurance Business Proclamation No. 746/2012
Erudite Africa Ethiopian-context course catalogue (October 2026)

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.