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Lesson
Designing the TA project in such a way that the scale of activities and outputs are commensurate and tightly linked with the outcome being targeted is important. In the case of this TA project, the outcome appeared to have been under-targeted.

Project Number: 50060-001
Project Name: Strengthening Tax Policy and Administration Capacity to Mobilize Domestic Resources
Report Date:
Lesson
Agree on the need to continuously implement capacity building activities, given the rapidly changing development landscape and new emerging challenges, and to customize it to local languages for better understanding. The design of the next capacity building workshops should be informed by the feedback received from the participants from the post-training evaluation surveys conducted. It would be useful if SDCC could indicate these feedback and suggestions for future CDTA projects.

Project Number: 50060-001
Project Name: Strengthening Tax Policy and Administration Capacity to Mobilize Domestic Resources
Report Date:
Lesson
Collaboration with other expert groups on tax policy and administration to attain a similar objective could be an effective way to ensure wider knowledge sharing at more efficient cost through the pooling of resources

Project Number: 50060-001
Project Name: Strengthening Tax Policy and Administration Capacity to Mobilize Domestic Resources
Report Date:
Lesson
Cross-regional learning could be complemented with country-specific capacity building activities (which takes into account differences in country context) for a more effective capacity building activity.

Project Number: 50060-001
Project Name: Strengthening Tax Policy and Administration Capacity to Mobilize Domestic Resources
Report Date:
Lesson
Appropriately phasing orprioritizing the training programs could have prevented unnecessary time overruns.

Project Number: 50060-001
Project Name: Strengthening Tax Policy and Administration Capacity to Mobilize Domestic Resources
Report Date:
Lesson
Pooling resources and activities with the other organizations could ensure that there will be no duplication and that initiatives are strategically prioritized and synergized.

Project Number: 50060-001
Project Name: Strengthening Tax Policy and Administration Capacity to Mobilize Domestic Resources
Report Date:
Lesson
The way the lesson was formulated in the TCR could be improved (it is stated more like an issue rather than lesson learned). But a lesson could be inferred that ensuring individual DMC commitment upfront and awareness measures could seamlessly facilitate progress towards the attainment of the objective of the TA.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
Also, ensuring that approval is sought for changes in the indicators in the course of TA implementation is a good practice.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
Extension of the TA for one year due to foreseeable events would not have been necessary had the TA been designed more appropriately.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
On the output indicator, understanding of the underlying environment, including quality of data, through pre-investigative works could have ensured better design of TA outputs.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
Based on further information provided by ERCD, ensuring that adequate resources are allocated to finance important associated costs (e.g., hiring of dedicated staff to monitor use of proceeds and to ensure compliance with post-issuance reporting requirements) could help facilitate sustained increase in green bonds issuance.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
Based on further information provided by ERCD, understanding the additional costs (beyond external review fees) would help in identifying the reasons why there was no second-round issuance (which affects reputation if green status is lost) even though issuers have already invested heavily to establish proper internal system to monitor use of proceeds and provide post-issuance reporting.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
The outcome indicator should have been formulated more clearly and the outputs/activities planned to better ensure that it could deliver the targeted outcome.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
The way the lesson was formulated in the TCR could be improved (it is stated more like an issue rather than lesson learned). But lessons can be inferred that addressing reputational risk and additional costs for meeting green bonds requirements, ensuring a certain level of market maturity, and establishing clear regulations by market regulators are necessary conditions to the successful attainment of the TA objectives.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
The TCR could have further discussed the benefits or disadvantages of having government agencies as local partners, such as the Policy Research Bureau of the China Banking and Insurance Regulatory Commission, facilitate workshop organization and implementation.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
CSV