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CSV
Lesson
When designing results frameworks, the use of policy actions as results indicators should be minimized. If the indicator measures the reform success by the completion of the policy actions, it provides little information on the success of that policy action and undermines the relevance of the policy action for no result is achieved other than itself.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
The development partners coordination mechanism and the rolling policy reform matrix provided the government and its development partners a framework to formulate a reform agenda, and design and implement a series of policy actions. It can be expected that this framework will continue to be valuable in supporting the government’s efforts to improve economic management.

Project Number: 50377-001
Project Name: Improved Fiscal and Infrastructure
Management Program
Report Date:
Lesson
In fragile states such as Tuvalu, all phases of the project cycle are likely to require technical assistance (TA) support. The TA was a key support during both the formulation and implementation of the Improved Fiscal and Infrastructure Management Program. Tuvalu faces difficulties due to its size, its fragility, and its vulnerability to climate change and other natural disasters. The country will continue to require consistent TA support to overcome its capacity constraints if it is to achieveits vision for a more resilient economy.

Project Number: 50377-001
Project Name: Improved Fiscal and Infrastructure
Management Program
Report Date:
Lesson
An uncomplicated program design is a key factor in achieving reform in fragile states. In countries with low public sector capacity, a single-tranche policy-based program, with all policy actions achieved prior to an ADB Board presentation, is an effective means of achieving step-by-step reforms. In the Improved Fiscal and Infrastructure Management Program, the simplicity of design was a feature of the individual policy actions, which were generally self contained and within the capability of the government to implement.

Project Number: 50377-001
Project Name: Improved Fiscal and Infrastructure
Management Program
Report Date:
Lesson
Actions that demonstrate the achievement of program policy matrix milestones should indicate what were achieved, rather than the process of how these were accomplished. For example, an endorsement or approval of a framework, manual, procedure, and others is not an adequate indicator to demonstrate that a policy reform was successfully accomplished, particularly in fragile and small island developing states.

Project Number: 50377-001
Project Name: Improved Fiscal and Infrastructure
Management Program
Report Date:
Lesson
Development partners should both support and take advantage of opportunities that arise when governments are committed to reform, which should also be recognized in their country programming. the government that came to office in 2018 was strongly reform-minded. Even though Armenia suffered two exogenous shocks in the form of the coronavirus disease (COVID-19) and conflict with a neighboring country, reform commitment did not waver. This contributed strongly to the ultimate outcome of this program.

Project Number: 51060-002, 51060-003
Project Name: Public Efficiency and Financial Markets Program (Subprograms 1 and 2)
Report Date:
Lesson
When programs embody reforms that are directed at strengthening the institutional framework for the operation of key markets, such as those underlying financial markets, clearly articulating them in the program documents clarifies objectives. By not doing so, it risks the results of the program not being fully apparent due to the lengthy period for the reforms to come to fruition. By setting as outcome objectives, what the improved framework will lead to places the outcome outside the time frame of the program

Project Number: 51060-002, 51060-003
Project Name: Public Efficiency and Financial Markets Program (Subprograms 1 and 2)
Report Date:
Lesson
The absence of a programmatic approach in policy-based loans (PBLs) can put at risk the sustainability of reforms. This program was designed as a stand-alone, single-tranche, PBL and effectively achieved its objective because of strong ownership by and well-coordinated efforts of the authorities and ADB staff. However, the lack of a programmatic approach posed a high risk to the sustainability of the reforms made.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Technical assistance (TA) is required to develop the capacity of institutions to meaningfully engage with ADB on a longer-term basis. ADB’s continuous engagement with the country, during and after a PBL, is essential. It allows ADB to keep a foothold in the country, learn about the reforms being assisted by other development partners, remain updated about emerging needs and issues, support sustainability, and help in processing new programs.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Dissemination of achievements made under the program is essential for knowledge-sharing and to strengthen ADB’s image as an effective development partner, The program supported the implementation of key reforms that were relevant and highly desired by the government to accelerate the country's economic growth. It is important to communicate the achievements made, with the general public and development partners, to improve knowledge and raise awareness. Communication and public awareness are also essential to enhance ADB’s status and credibility as an effective development partner.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Strong alignment with government strategies and priorities leads to strong government ownership and participation in program implementation. The reforms adopted under this program were essential to improve fiscal credibility and strengthen the capital market in Armenia. They were fully aligned with the strategies of the government and ADB. Because of this strong strategic alignment, government ownership of the program remained strong and all implementing agencies actively coordinated with ADB to achieve the reform agenda.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
When ADB chooses to finance activities in a member country jointly with development partners, it needs to closely monitor their assessment, utilize their database, and build on their knowledge products as appropriate such that development cooperation reports on the mutual synergies and becomes genuinely “finance++”.

Project Number: 51129-002
Project Name: Human Development Enhancement Program
Report Date:
Lesson
In designing a substantive and relevant PPPF to extend policy reform support, there is a need to ensure that the scope of the activities included therein reflect the full spectrum of the outcomes identified in the report and recommendation of the President of the program.

Project Number: 51129-002
Project Name: Human Development Enhancement Program
Report Date:
Lesson
Effective collaboration and policy dialogue with development partners are of utmost importance for the successful implementation of policy reforms.

Project Number: 51129-002
Project Name: Human Development Enhancement Program
Report Date:
Lesson
A post-program partnership framework (PPPF) supporting the implementation of subsequent reforms is crucial in maintaining the reform momentum created by PBLs.

Project Number: 51129-002
Project Name: Human Development Enhancement Program
Report Date:
CSV