Self-financing is a primary domestic source of capital for industrial enterprises, especially in countries where enterprises cannot rely on capital markets for their needed funds. In Mexico in 1959 the self-financingofenterprises as a proportion of gross domestic investment was about 40 per cent, in Malawi (then Nyasaland) in 1956 about 50 per cent, and in the Congo in 1957 close to 60 per cent.
The initial capital needed to set up a small industrial enterprise has to come from the entrepreneur’s or his family’s savings. Sometimes, of course, he may be able to
International Monetary Fund. External Relations Dept.
This paper presents a description of the Project Analysis Course offered by the World Bank’s Economic Development Institute (EDI). The main objective of EDI is to give individuals a general understanding of all the main elements involved in preparing, evaluating, and executing development projects. At the end of the course, EDI expects graduates to be able to help design project studies or to participate in the overall evaluations on which final decisions are heavily based.