Seminar on Cost-Benefit Analysis
On September 30 the German Economic Team (GET) Belarus, in cooperation with BEROC, the IPM Research Center and the National Agency of Investment and Privatization, organized a seminar on Cost-Benefit Analysis, which took place in Minsk.
Cost-Benefit Analyses are an increasingly used instrument to assess state interventions into the market. They evaluate costs and benefits of state interventions in monetary units, which can then be subtracted from each other. If the result reflects a benefit surplus, the intervention should be carried out, otherwise not.
Prof Dr Norberto Pignatti (ISET International School of Economics at the State University of Tbilisi) instructed and trained the 29 participants, among which were representatives of several ministries and the National Bank, how to apply cost-benefit analyses in their work.