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CSV
Lesson
Handholding of the executing agency on financial management facilitates consistent compliance and timely submission of project financial reports.Multiple issues observed in project audit reports in early to mid-project implementation were eventually successfully addressed through close collaboration between JMRC and an ADB consultant. Having a financial management specialist during review missions and a dedicated financial management staff would further enhance financial management capacities in future projects.

Project Number: 46417-001
Project Name: Jaipur Metro Rail Line 1-Phase B Project
Report Date:
Lesson
The participation of a financial management specialist in review missions and site visits will help improve capacity and ensure timely financial reporting. The project generally met ADB’s financial monitoring and reporting requirements. However, submission of the audited project financial statements was at times delayed. The delays could have been avoided by having a financial management specialist participate in project review missions and site visits. The measure could have also enhanced the capacity and awareness of ADB financial management procedures.

Project Number: 41626-013
Project Name: Bihar Power System Improvement Project
Report Date:
Lesson
The participation of a financial management specialist in review missions and site visits will help improve capacity and compliance with statutory and financial covenants. The project generally met ADB’s financial monitoring and reporting requirements. But it encountered delays in the submission of the audited project financial statement for fiscal years 2016 and 2017. These delays could have been avoided by having a financial management specialist participate in project review missions and site visits.

Project Number: 44426-014
Project Name: National Grid Improvement Project
Report Date:
Lesson
Clear and complete monitoring and reporting arrangements and systems are crucial to the success of RBLs.

Project Number: 47354-003
Project Name: Supporting National Urban Health Mission
Report Date:
Lesson
Close coordination among managers is necessary to ensure the smooth and successful implementation of linked or associated projects.

Project Number: 37139-053
Project Name: Uttarakhand Power Sector Investment Program - Tranche 4 and MFF
Report Date:
CSV