Based on the fact that high-quality pre-investment advice leads to better projects, thus contributes to increasing local and foreign investments, UNIDO has equipped public and private stakeholders with tools and methodologies for project appraisal and feasibility analysis – including UNIDO’s Computer Model for Feasibility Analysis and Reporting (COMFAR). COMFAR facilitates short and long term analysis of financial and economic consequences for industrial and non-industrial projects. COMFAR is accompanied by manuals, teaching materials and interlinked software for project identification and preparation. COMFAR also offers specialized modules, for example on Clean Development Mechanism (CDM) and on Environmental Management Accounting.
COMFAR, which is already available in 19 languages, will expand its product offer to include more specialized versions that are compliant with the latest International Accounting Standards (IAS) and the International Financial Reporting standards (IFRS), the development of a trainers’ certification scheme and the establishment of national and regional training hubs. In addition, online training via an e-learning platform is to be developed.
Impact and results
There are currently over 8,000 COMFAR users in 160 countries. In over 30 years of COMFAR development, two main development impacts were recorded: classic investment benefits, such as increased employment, technology spillovers/innovation and better environmental performance, and improved institutional capabilities to ensure the feasibility and economic benefits of investments in developing countries.
For more information on COMFAR, please contact: email@example.com