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Fernando R. Fernholz, Professor of the Practice Emeritus  

Office Location: Room 276 Rubenstein Hall, Durham, NC 27708
Office Phone: (919) 613-9237
Duke Box: 90237
Email Address: fernholz@duke.edu

Areas of Expertise

  • International
    • Applied Economics
    • International Development
    • Macroeconomic Management and Policy
    • Trade and Debt Policy
  • Public Finance, International Finance

Ph.D., Boston University, 2000
M.P.A.,  Harvard University, 1985
Master of Public Administration, John F. Kennedy School of Government, Harvard University, 1985
M.S.C.E., RWTH Aachen University (Germany), 1974
Master of Science, Dipl.Ing. Bauingenieurwesen (Civil Engineering), Rheinisch Wesfaelische Technische Hochschule Aachen, Germany, 1974

Research Categories: International Development Policy, Public Finance, Economic Growth and Development, Debt, Program and Project Appraisal, Privatization and Regulation

Research Description: Research: Public finance; international economics; applied macroeconomics; trade, external debt and finance; public enterprises; economic development; investment appraisal and risk analysis

Teaching (Spring 2023):   (typical courses)

  • Pubpol 596.01, Evaluation public expenditures Synopsis
    Sanford 05, MW 12:00 PM-01:15 PM
  • Pubpol 743.01, Pub private partnerships Synopsis
    Sanford 03, TuTh 03:30 PM-04:45 PM

Office Hours:
Wednesday 2:00-4:00PM

Recent Publications   (More Publications)

  1. Author, FRFC. "Technical Paper for World Hunger Series 2007: Hunger and Health." World Hunger Series 2007: Hunger and Health. World Food Program, February, 2014
  2. Fernholz, FR. "Chapter 24, (MulticriteriaAnalysis).." Capital Budgeting Valuation.Financial Analysis for Today’s Investment Projects.. Ed. Baker, HK; English, P 2011JOHN WILEY & SONS INC, June, 2011  [abs]
  3. Fernholz, FR. "Enhancing the Government of Jamaica’s System for Prioritizing Public Investment Projects."   (January, Submitted, 2009).  [abs]
  4. F.R. Fernholz Co Author. "Technical Paper for World Hunger Series 2007: Hunger and Health." World Hunger Series 2007: Hunger and Health (Spring, 2008).
  5. Fernholz, FR. "Case Study: Risk Assessment of Infectious Disease Intervention in Latin America." Plan International. (2008).

Curriculum Vitae

Fernando R. Fernholz is Director of the Program on Project Appraisal and Risk Management (PARM) at DCID and is a Professor of the Practice at Duke University where he teaches Economic Development, Policies for Development and Public Finance Courses. He has been faculty of the PARM program since 1985. He has lectured on public debt, finance, balance of payments, macroeconomic issues in courses and workshops in various countries in different regions and agencies like the World Bank. He was a Development Associate working with the Public Finance Group of HIID and was resident advisor in different countries in Asia and Africa. He has done short-term advisory work in countries such as Russia, India, Panama, Bolivia, Ethiopia, Zambia, Uganda, Namibia, and Mozambique. He recently co-authored two studies: expansionary public investment impacts during the financial crisis. He co-authored 2 studies on the economic opportunity cost of capital for Mexico in 2014 and 2017. He also evaluated the economic and financial feasibility of the New International Airport in Sierra Leone in 2018. He was principal investigator for a Comparative Cost Efficiency Analysis of USAID Food for Peace Programs and a 2 year study of cost effectiveness of nutrition interventions in Mozambique. He led a study with recommendations for methodologies for public investment in relation to climate change impacts, with the World Bak from 2017 to 2020. Dr. Fernholz headed his own consulting, construction and data processing companies for many years in Bolivia. His education includes a Master of Civil Engineering from the RWTH Aachen in Germany, Master of Public Administration at the Kennedy School of Government and a Ph.D. in Economics from Boston University.

Fernando R. Fernholz