The scope of the analyses of public and private investment projects is expanded beyond the traditional criteria of financial and economic net present value. If the economic and financial analyses are carried
out using a common numeraire, they can include issues of stakeholder impacts, poverty impacts, and an assessment of the long-term sustainability of the project. We can now assess the income impacts on different
interest groups. This forces the analyst to do a reconciliation between the economic performance, the financial performance and the distributional impacts of a project. Three examples are given of projects
in Cyprus, Bangladesh and the Philippines: traditional economic and financial analyses would not have identified many of the most important aspects of the process that determined whether or not the projects
would be implemented and sustainable.