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Characterizes the project cycle as the framework used by the World Bank to design, prepare, implement, and supervise projects, which includes the six stages of identification, preparation, appraisal, negotiation/approval, implementation, and evaluation. Stages of the International Finance Corporation (IFC) project cycle include business development, early review, appraisal (due diligence), investment review, negotiations, public notification, board review and approval, commitment, disbursement of funds, project supervision and development outcome tracking, evaluation, and closing. The Multilateral Investment Guarantee Agency (MIGA) will assign an underwriter to determine whether the project meets eligibility criteria and to discuss preliminary pricing with the client, the potential size of the guarantee, and coverage that is most appropriate for the investment.
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