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Lesson
Infrastructure development requires substantial preparedness and investment in both time and money. Particularly, a cross_x005F_x0002_border project would require more time and efforts than a national project for coordination among different jurisdictions, thus, planning and implementation arrangement would require flexibility. In addition, rapid advancement in technology would affect IT architecture design, thus, additional flexibility as well as wider involvement of various stakeholders would be desirable.

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
Procedural requirements such as Steering Committee endorsements and counterpart no_x005F_x0002_objections, can trigger delays and should, therefore, be carefully considered when designing a realistic timeframe for TA implementation.

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
The need to carefully screen support for feasibility study preparation by considering factors such as inclusion in the Blue Book and commitment letters from relevant SOEs or ministries.

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
Importance of demand-driven, timely and targeted knowledge and policy advisory support as advised to ADB by the EA of SIAP with respect to the SIAP TA cluster management facility.

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
The need for adequate resourcing of the SIAP IMU to ensure effectiveness and sustainability in light of extensive reporting requirements imposed by the SIAP Steering Committee.

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
Strong tripartite partnership among the government, Government of Australia, and ADB made SIAP a success and led to ADB and the Government of Australia signing a Cofinancing Agreement for A$40 million to support Phase 2 of SIAP in February 2019.

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
The importance of close coordination with infrastructure-related programs funded by the Government of Australia and other development partners in Indonesia to maximize synergies as advised.

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
Good practices and toolkits to boost community engagement during project preparation and implementation need to be mainstreamed.

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
Analytical support for the preparation of sectoral roadmaps under RPJMN should commence 2 years before targeted completion date.

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
The Japan Ministry of Finance and Japan International Cooperation Agency have been strong supporters of ACMF. ADB staff should explore opportunities to collaborate with these stakeholders in the implementation of future TA projects to provide visibility for their support and leverage on their role within the government and the private sector in Japan. The green bond study visit to Tokyo supported under this TA was a good start.The Investment Climate Facilitation Fund is a good source of TA funding forregional cooperation and integration.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
ADB provides support for capital market integration through the ASEAN as well as the ASEAN+3 processes. The latter is supported by the staff in the Economic Research and Regional Cooperation Department (ERCD). While there was some coordination with ERCD staff in the implementation of this TA, more coordination is required to find synergies between the various regional finance sector TA projects. This will reduce overlaps and produce better outputs by leveraging on the strength and network of counterparts supported by different regional TA projects.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
The independent validation process implemented under the ACGS is good practice for knowledge building. It gives practical information on actual corporate governance practices of PLCs. Many ACMF initiatives have good traction within the region. However, awareness beyond ASEAN is limited. In addition to the existing knowledge sharing of best practices within ASEAN, future support to ACMF should also include engagement with international partners. This includes foreign academic institutions with strong private sector partnerships.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
ADB should explore how to link up ACMF initiatives with other departments of ADB to scale up and so the substantial technical work with ACMF can be made operationally relevant. ACMF’s initiatives on green bonds and corporate governance can help ASEAN member countries develop their capital markets and improve corporate governance standards of PLCs. There is also potential replication to other regional groupings outside ASEAN including the Central Asia Regional Economic Cooperation.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
The justification of a TVET policy needs to be clear in relation to a country’s labor productivity, competitiveness, and economic growth, and be able to lead to informed decisions about making large public investments in a viable manner.

Project Number: 33409-013
Project Name: Vocational Education Strengthening Project
Report Date:
Lesson
Even conventional and repetitive activities like procurement need close management and careful handling when implemented in a new setting.

Project Number: 33409-013
Project Name: Vocational Education Strengthening Project
Report Date: