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CSV
Lesson
The linkage agreed between the BOJ and the HKMA has the potential to set an example in the region and beyond.

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
The timing needed to reach regional agreement on sensitive matters is inherently difficult to predict. The use of optimistic targets may help motivate progress. However, the risks of delays in such projects need to be explicitly recognized.

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
Close collaboration with a specialized funding agency can help achieve a TA’s objective, by helping to mobilize scarce specialized technical expertise with the contacts needed to build support for change

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
Close collaboration with key stakeholders can help in identifying international expertise, the knowledge, and contacts to support innovative TA, and to engage with senior officials from a mix of countries

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
Phased approaches to implementation can help ensure that TA resources are not wasted while waiting for regional agreement on key issues needed to move forward.

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
Regular engagement with stakeholders, including engagement with the private sector, and the reflection of stakeholder feedback in final documents can help build consensus on key issues and ownership of knowledge products.

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
it is difficult to predict the timing need to reach regional agreements. Thus, flexibility during implementation to extend TA duration is important.

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
Initial success in implementing a TA supporting an innovative reform (e.g., cross-country financial infrastructure linkages), may encourage others to replicate reforms.

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
In addition, conducting a midterm review provides opportunities for TA projects, particularly, cluster TA projects to improve its design, implementation, and monitoring of progress. This was a missed opportunity during the implementation of this cluster RETA. Data and findings from these reviews could have been maximized by ADB. Review findings could have not only fed into the design of subproject 2 but also to the overall design of the cluster RETA. This can result in better monitoring, particularly providing quantitative evidence on the achievements of the cluster RETA.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
In addition, designing a complex cluster TA requires a conduct of a detailed risks assessment (i.e., risk strategy matrix vs. DMF statements), involving extensive consultations with the stakeholders. This was apparently done for subproject 2 but was not evident for the cluster RETA.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
The improvements in the design were only done for subproject 2, while the overall DMF of the cluster RETA was left unchanged. This resulted in a disconnect and unclear results chain links between subproject 2’s narrowed focus and the cluster RETA’s outcome and outputs at appraisal. In a TA cluster, any changes in the subprojects require a revisit of the cluster TA’s DMF. The timely and critical review of preceding subproject(s) of a cluster TA project helped in ensuring that emerging issues and needs from stakeholders are addressed appropriately within the cluster TA project’s timeframe.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
In addition, providing a policy and advisory TA to this type of initiative can help the discussion and negotiations among and between policymakers. Findings and recommendations from data-driven and evidence-based technical studies and outputs produced by the TA can increase the reliability of ADB in policy dialogue. Communicating this body of knowledge to policymakers can generate deeper knowledge among them and at the same time, help foster and strengthen ADB’s involvement in the process.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
Fact-finding missions that reveal additional risks or incorrect assumptions can be used as opportunities for course corrections.

Project Number: 45419-001
Project Name: SASEC Subregional Energy Efficiency Initiative
Report Date:
Lesson
ADB could have put in place mechanisms for TA findings to be linked to future investments, so that these could either be replicated or scaled up.

Project Number: 45419-001
Project Name: SASEC Subregional Energy Efficiency Initiative
Report Date:
Lesson
Hiring national experts from DMCs is important considering their local knowledge and the contributions they can give to efficient implementation by virtue of their being on the ground.

Project Number: 45419-001
Project Name: SASEC Subregional Energy Efficiency Initiative
Report Date:
CSV