2016 Summer Programs Review

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From July 18th to August 12, 2016, John Deutsch International Queen’s University hosted the 17th Program on Investment Appraisal and Risk Analysis. We were fortunate to have executives joined us from the following governments and organizations:

  • Ministry of Finance and Ministry of Economic Planning and Development – Swaziland.
  • Ghana Water Company Limited, National Investment Bank, and National Health Insurance Authority – Ghana.
  • Bank of Industries – Nigeria.
  • Limpopo Economic Development Agency – South Africa.
  • Caribbean Development Bank – Barbados.
  • Uganda National Road Authority and, Makerere University – Uganda.
  • Export and Investment Promotion Agency and FOMILENIO II – El Salvador.
  • Government officials from Ministries of Finance, Economics, Planning and External Cooperation, and Tourism – Haiti.
  • Ministry of Social Development – Chile.
  • Ministry of Finance and Economic Development and Ministry of Energy and Water – Zimbabwe.
  • The National Treasury and Public Private Partnership Unit – Kenya.
  • New Age Cameroon Offshore Petroleum – Cameroon.
  • Graduate students from Queen’s University and Eastern Mediterranean University.

img_0201Despite a rigorous curriculum, the participants were unfailingly diligent. Their outstanding performance set the bar high for future programs and allowed them to leave Kingston with the operational skills to apply techniques of finance, financial modeling, applied economic analysis, risk analysis and risk management.

Some of the highlights this year include: seminars conducted by distinguished scholars and guest lecturers, such as:

  • Professor Harberger of UCLA.
  • Ms. Hanna Zowall, Lecturer, Health Economics from McGill University.
  • Mr. Migara Jayawardena, Senior Energy Specialist at the World Bank.
  • Mr. Savvakis C. Savvides, Former Senior Manager and Head of the Structured Finance Division at the Cyprus Development Bank.
  • Dr. Baher El-Hifnawi, Lead Transport Economist at The World Bank.

Moreover, Outside the classroom, participants enjoyed some recreational activities including the 1000 Islands cruise, the BBQ at the home of Dr. Glenn Jenkins, football games,  a Niagara Falls trip and breakfast and luncheons with the faculty, staff, and students of the Queen’s Economics Department.

With excellent program evaluation results, participants said that they would recommend the program to their colleagues.

The continued success of these programs is largely attributed to the tireless efforts of our alumni. We encourage everyone to stay in touch, in particular with the implementation of our “Training of Trainers” stream for the 2017 session. For more details click here: http://jdintl.econ.queensu.ca/training/training-of-trainers/

We want to thank our alumni and participants for making the 2016 Program on Investment Appraisal and Risk Analysis such a memorable and fruitful experience.

Click here to see the program’s alumni.

Featured Testimonials from 2016 participants:

Ms. Doris Elizabeth Henriquez QuijadaInvestment Climate Project Analyst – PPPFondo del Milenio II – FOMILENIO IIEL SALVADOR

“A Challenge course and inspirational professors! The knowledge gain in this course will make major changes in how we are doing this back home.”
Ms. Doris Elizabeth Henríquez Quijada
Investment Climate Project Analyst – PPP
Fondo del Milenio II – FOMILENIO II, El Salvador
2016 PIAR


Mr. Everton Hamilton Decoursey ClintonEvaluation OfficerCaribbean Development BankWest Indies

“It was a challenging, highly valuable learning experience that was relevant and highly appropriate. The dedication of the lecturers and assistants was totally outstanding.”
Mr. Everton H. D. Clinton
Evaluation Officer
Caribbean Development Bank, Barbados
2016 PIAR


Mr. Patrick Werre Project Engineer Uganda National Roads Authority UGANDA

“This is the best ever executive program I have attended. The practical aspect is inter mixed well with the theory. The faculty members are very supportive.”
Mr. Patrick Werre
Project Engineer
Uganda National Roads Authority, Uganda
2016 PIAR


Thanks to all the participants and faculty again for making the 2016 PIAR and ToT so memorable.

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Posted in News, On Campus Programs, PIAR, Training Programs

Recent Activities in Asia, Africa, and the Caribbean

Over the past 5 months, JDInt’l associates have been involved in technical assistance and capacity building efforts in Kazakhstan, Vietnam, Haiti, Kenya, Senegal, Rwanda, Liberia, and Mali. Most of these activities fall under the World Bank or USAID programs.

Glenn Jenkins, Mikhail Miklyaev and Bahman Kashi with Alumni from Haiti in Port-au-Prince

The involvement of our associates have so far included:

  • Assessment of the public investment management (PIM) systems in Vietnam and Kazakhstan.
  • An inception trip to Haiti to kickstart a 2-year program including 8 training courses and evaluation of 4 public projects.
  • A mission to Kenya for the assessment of the public investment management (PIM) system, to be followed by two training programs.
  • Field visits to Senegal, Rwanda, and Liberia for the analysis of USAID funded Feed the Future Investments.

Our associates use the state-of-the-art techniques for project evaluation to deliver these assignment. Furthermore, the alumni network from these countries have made significant contributions to these missions and in the cases of Kenya and Haiti are directly involved in the project.

Bahman Kashi with alumni from Kenya and colleagues from the World Bank in Nairobi

We are pleased to have such a strong network of alumni who form a strong core in the government of every country we visit. In Kenya and Haiti, alumni gatherings were organized and potential trainers were identified to take part in the upcoming programs in these countries.

On other fronts, JDInt’l associates are contracted to deliver economic analysis services on a range of projects in the social sector for World Vision Canada, and capacity building programs for Inter-American Development Bank.


Posted in News

2015 Summer Programs Review

Executives from around the world attend the John Deutsch International Executive Program at Queen's University
John Deutsch International would like to extend a warm thank you to the outstanding participants of our 2015 Summer Programs.

In 2015, Queen’s University welcomed participants from various governments, banks, and development agencies, including: National Planning Authority (Uganda), Uganda Electricity Transmission Company Limited , Ministry of Planning Iraq (Kurdistan Region), Ministry of Economy and Finance (Haiti), Ministry of Planning and Economic Cooperation (Haiti), The Infrastructure Bank plc (Nigeria), Kenya National Highway Authority, Ministry of Economy and Finance (Mozambique), Conservation Strategy Fund (Peru and Costa Rica) and graduate students from Queen’s University (Canada) and Eastern Mediterranean University (Cyprus). In addition, a number of government officials from Kenya School of Government and Kenya School of Monetary Studies joined us for Training of Trainers. (Click here to learn more about ToT)

Executives from around the world attend the John Deutsch International Executive Program at Queen’s University (1000 Islands luncheon cruise)

A number of guest lecturers joined the participants for special seminars. Hanna Zowall, a Health Economist from McGill spoke to the PIAR group on Cost Effectiveness Analysis in the Health Sector. Juan Belt, former Senior Economist of USAID, lectured on Public Private Partnerships for infrastructure. Both groups had the privilege of listening to seminars by Dr. Arnold Harberger, distinguished professor of economics from UCLA.

Outside the classroom, participants enjoyed a number of recreational activities including the 1000 Islands luncheon cruise, Niagara Falls trip, and the BBQ with Queen’s Economics Department faculty members at the house of Dr. Glenn Jenkins.

With excellent program evaluation results, participants of both PIAR and ToT said that they would definitely recommend the program to their colleagues.The continued success of these programs is largely attributed to the tireless efforts of our alumni. We encourage everyone to stay in touch, in particular with the implementation of our “Training of Trainers” stream for the 2016 session. More details click here: http://jdintl.econ.queensu.ca/training/training-of-trainers/


Hear it from the participants:

“This is the most useful course I have taken. I consider it the piece that has been missing for me under public sector investment knowledge. The lectures and faculty staff have been excellent source of knowledge. Transfer of knowledge and content has been very effective. I have gained a lot, professionally, and personally.”
Samuel Okech Omer
General Manager (Planning),
Kenya National Highways Authority


It was truly a different experience of teaching & training, the knowledge we have acquired are practical as we worked on real cases. This is by far the best training I have attended.”
Zagros Fatah Siwaily
Director General for Capital Investment Budget,
Ministry of Planning (Iraq, Kurdistan Region)


I found the course relevant, practical and and covered all the aspects I would have wanted in a project appraisal and risk analysis course.
Dr. Daniel M. Amanja (ToT)
Assistant Director,
Central Bank of Kenya (CBK): Research Department


Thanks to all the participants and faculty again for making the 2015 PIAR and ToT so memorable.

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Posted in News, On Campus Programs, PIAR, Training Programs

Glenn Jenkins Keynote: Santiago, Chile

JDInt’l director Dr. Glenn Jenkins was invited to Santiago, Chile, from January 22-23, 2015, to speak at a symposium sponsored by Chile’s Ministry of Social Development and the Inter-American Development Bank.

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The symposium examined the coordination and evaluation of urban transportation projects. With respect to implementing large public investment initiatives, ensuring that Chileans have access to urban amenities were among the challenges discussed. Given that Chile’s system for public investment management is one of the best internationally, the discussion centered around methodologies to evaluate these complex projects so to address these concerns.

Dr. Jenkins’s keynote presentation was on integrated economic appraisal of multi sectoral urban transportation projects. Known for championing the integrated methodology, Dr. Jenkins demonstrated how costs and benefits, even of complex urban transportation projects (including road improvements, parks, and bike paths), could be evaluated in an integrated manner, thus increasing the quality and efficiency of decision making. While a number of issues were discussed, the take home point was that the differences between financial and economic values of both benefits and costs of a project, change the economic welfare of particular stakeholders in society. An example on the cost side is waiting times for bus services; this would not be included in the financial cost of the project, but does have an economic cost which has an implication for economic welfare of the project, and ought to be considered. Likewise a single intervention might affect a mixed set of beneficiaries, and the impact on each should  be considered. For example, benefits of a bicycle path result in reduced expenditures on health care, and additional number of Quality Adjusted Life Years realized for those using the path. Such a bike path will also remove some of the traffic congestion from the road and hence generate an economic welfare benefit to users of cars.

Other speakers included the Minister of Social Development, María Fernanda Villegas, Undersecretary of Transportation, Cristián Bowen, Undersecretary of Social Evaluation, Heidi Berner, and Luis Estanislao, Inter-American Development Bank representative in Chile.

Posted in News

JDInt’l January 2015 Newsletter

Our first newsletter of 2015 has been emailed out. Included this month:

If you did not receive the newsletter, subscribe here. Click for a web version of the newsletter

Posted in News

Happy New Year

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Happy New Year!

For fifteen years we have offered PIAR at Queen’s University, where we have welcomed hundreds of distinguished professionals committed to advancing the professional practice  of integrated investment appraisal. As such, we have continued to revise course materials to reflect developments in the field, design new case studies, and invite a more diverse roster of guest speakers.

Next PIAR, among other topics, we hope for a greater integration of environmental impacts, use of financials models for PPP negotiations and project finance deals, and applications in more sectors.

Entering 2015, we are excited to see applications coming in both from new organizations and from those where we have alumni. We want to thank you again for referring your colleagues to our program.

On behalf of the faculty and staff at John Deutsch International, we want to wish you all a successful and prosperous 2015.

Yours sincerely,

Glenn Jenkins
Director

Posted in News

2014 PIAR: Program Review


On June 30th, 2014,  we kicked off the 15th Program on Investment Appraisal and Risk Analysis. Participants from the following organizations attended the course: Ghana Grid Company Limited, Volta River Authority (Ghana), Swaziland Railway, Bogosi Capital (South Africa), USAID, World Vision Canada, Public Pension Agency (Saudi Arabia), Queen’s University (Canada), and Eastern Mediterranean University (Cyprus). In addition, a number of personnel from the Bank of Industry Limited (Nigeria) joined us for the Training of Trainers stream.

For the four weeks here, participants were immersed in lectures, casework and group discussion. Professor Harberger, distinguished professor from UCLA, joined the participants for a number of sessions including the Economic Opportunity Cost of Labour and Analysis of Irrigation. 

A number of other guest lecturers delivered special seminars including:

Storyline - Hanna - (Resized)

  • Hanna Zowall, a health economist from McGill University, on Market Failures in the Health Sector
  • Yves Bourassa, Environment Canada, on Valuation of Environmental Impacts
  • John Wehner, former Principal Financial Analyst Florida Light and Power,  on Scenario Planning and Investor Response to Climate Change Regulation
  • Juan Belt, former Senior Economic Advisor – Economic Policy (USAID), on Private Participation in Regulated Markets

Website - Program review

The closing ceremony was held on July 25th, where 4 weeks of hard work and new memories was celebrated. The program results were excellent, and all participants said they would definitely recommend the course to other colleagues. We are looking forward to future collaborations and expanding our roster of summer programs. More details about this will be made available soon.

Thank you to everyone who made the course such a great success.

2014 Alumni

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Posted in News, On Campus Programs, PIAR, Training Programs

JDInt’l Upcoming Programs: 2014 PIAR

On June 30th, Queen’s University will be welcoming the participants of the 15th Program on Investment Appraisal and Risk Analysis. While we are still receiving applications and finalizing details, admissions have been issued for participants from: United States Agency for International Development, Bank of Industry Limited-Nigeria, Ghana Grid Company Limited, Volta River Authority-Ghana, World Vision Canada, Swaziland Railway, Bogosi Invesfin-Nigeria, Kenya Pipeline Company Limited, Aegis Investment Limited, Eastern Mediterranean University, and Queen’s University.

This year we are fortunate to have a number of participants join us for the Training of Trainers (TOT) stream. The stream is offered exclusively to professionals who have previously undergone training in investment appraisal, and is designed to further their skills so they may acquire the expertise to educate others in the field. More information can be found here.

Applications have not yet closed for either stream. If you are still still interested in attending a 2014 program, apply here.

Participants and Faculty during the 2013 Program on Investment Appraisal and Risk Analysis, Queen’s University, Kingston, Ontario

Posted in News, On Campus Programs, PIAR

JDInt’l April 2014 Newsletter

Our first newsletter has been emailed out. For a web version of the newsletter, please click here. Included this month:

If you did not receive the newsletter, you can subscribe here. Our next issue will be sent out in June.

Posted in News

JDInt’l Associates in Nairobi

John Wehner Lecturing in Nairobi (2014)

Dr John Wehner – Lecturing at Kenya School of Government

In line with the Power Africa initiative, the USAID Economic Growth office asked Cambridge Resources International (CRI) to develop a course that would address the challenges around private participation in the power sector in Africa. As a part of this effort, associates from John Deutsch International were invited to work with CRI to assist in development and delivery of the first iteration of this program at the Kenya School of Government (KSG) in Lower Kabete, Nairobi, from March 31 to April 25.

Training is a major part of the Power Africa initiative. The final decisions about the future of the power sector ought to be made by local experts, since on the African continent, this sector is undergoing expansion and improvement at a rate rarely experienced elsewhere.

The course has been a success, attracting more than 30 participants from all the key stakeholders in the power sector including Kenya Power and Lighting Company (KPLC), Kenya Electricity Generating Company (KenGen), Ministry of Energy and Petroleum, Ministry of Development and Planning, Privatization Commission, Energy Regulatory Commission, Ministry of Devolution and Planning, Kenya Electricity Transmission Company (KeTraCo), and the National Treasury. A number of faculty members from the Kenya School of Government have also participated in the course with the objective of developing local capacity for education and research on various aspects of the Power Sector.

2014 Power Africa - Group Picture

Participants and Faculty at the Kenya School of Government

As a part of this course, a symposium was held to evaluate the current regulatory and capacity issues in Kenya. Topics of discussion included the regional and international status of the Kenyan electricity market, role of project evaluation in this sector, integration of renewables, rural electrification, and regional benchmarking. Juan Belt, Senior Economic Advisor, Economic Policy (USAID) and Conrado Garcia, Mission Economist (USAID Kenya) joined this panel as distinguished guests.

Discussions were lead by Jorry M. Mwenechanya, head of the Zambian Rural Electrification Authority and the former head of the electricity regulatory authority of Zambia and John Wehner, who recently retired as the Principal Financial Analyst at the Florida Light and Power and the Finance Head of NextEra Energy’s Portfolio Management Group. NEE was named No. 1 among electric and gas utilities on Fortune magazine’s 2013 list of the “World’s Most Admired Companies.” The symposium was moderated by Bahman Kashi, the Program Manager at JDInt’l.

Members of the symposium panel

Dr John Wehner, Professor Jorry M. Mwenechanya, and Bahman Kashi

The presence in Kenya provided an opportunity for the representatives from Kenya School of Government (KSG) to work with JDInt’l associates on developing a series of professional courses on investment appraisal to be offered at KSG.

Participants in the discussionsKSG hosts numerous professional programs for government officials from Kenya and other countries in the region throughout the year. These courses are in the form of intensive two-week to four-week modules. Within this framework, JDInt’l associates assisted KSG to finalize the curriculum for three courses covering financial analysis of investment projects, economics and stakeholders analysis, and project finance and risk analysis.

Internalizing the education on advanced project evaluation methods is a necessity for increasing the government’s capacity to design effective projects, optimize the mix of investments, and provide a sustainable PPP frameworks. Demand for such skills are now more than ever in Kenya as the country has recently gone through a devolution process, forming county governments with a significant degree of autonomy on budgeting and investment.

We look forward to further collaborations with the Kenya School of Government and other academic institutions in Kenya.

Posted in International, Training Programs

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