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CSV
Lesson
This validation agrees that cooperation and coordination, especially with other ADB departments, is important. This was a missed opportunity for this TA project. It is, however, not clear though why a visit to the People's Republic of China is required or recommended for the next ACMF TA.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees with the recommendation and rephrases this as a lesson: Partnering with operational projects within ADB is an important step in ensuring that other DMCs outside ASEAN can develop their capital markets and improve governance standards of publicly listed companies.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
Identifying critical risks and assumptions are an important element of design. However, design could also usefully identify mechanisms to mitigate these risks.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation has rephrased the recommendation into a lesson as follows: Providing adequate visibility to partners who have either financed the project or have special interest and stake in seeing its success is necessary to ensure their continued support.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
Drawing on lessons from similar previous TA projects can help in robust design that is responsive to DMC needs, isrealistic, and adopts best practice. This could help to get greater stakeholder engagement in complex processes such as regional capital market integration.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation offers the following lesson: it is important to work and clearly communicate with ACMF and its working groups to get buy-in to the TA project. This is evident in how stakeholders noted their appreciation to this approach.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees with the lesson of building awareness for the work done under the TA project. However, it is unclear why awareness-building beyond ASEAN is required for this TA project. One can surmise that it could be for the goals of attracting capital. However, the role of partnership with foreign academic institutions is unclear beyond the publication of potential knowledge products. This lesson or recommendation should then be classified under partnership and cofinancing.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation offers the following lesson: although TA design may identify a particular model of consultancy, these needs may evolve during the program requiring adjustment. In this case, in developing a model that responded to the needs of ACMF’s working group on corporate governance, the TA project shifted its approach since the regulators felt that an audit firm (rather than consultants) would lend more credibility and recognition to the validation exercise.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation offers the following lesson: keeping the stakeholders engaged through national interventions and securing sources of post-TA financial resources (unless the TA project was a project preparation TA) is important especially for capacity building TA projects, to ensure continuity and sustainability of the project.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
Agree. Lesson offered would contribute to the sustainability of the TA benefits to the larger number of agencies in Bangladesh.

Project Number: 48139-001
Project Name: Enhancing the Institutional Capacity of the Implementation Monitoring and Evaluation Division
Report Date:
Lesson
This is an appropriate point, but this lesson could have been better phrased as follows: An active partnership with the government is necessary to reduce delays in project commencement and to ensure full commitment and timely allocation of counterpart resources.

Project Number: 48139-001
Project Name: Enhancing the Institutional Capacity of the Implementation Monitoring and Evaluation Division
Report Date:
Lesson
An additional lesson would address the design shortcomings of the second outcome indicator. Measuring the participants’ intention to put into practice what they learned from the trainings does not measure if they actually and successfully put those learnings into practice. Thus, such indicator cannot adequately capture the extent to which capacity was improved.

Project Number: 48139-001
Project Name: Enhancing the Institutional Capacity of the Implementation Monitoring and Evaluation Division
Report Date:
Lesson
Appropriate point, but this lesson could have been better phrased as follows: During TA planning and design, an active coordination between the ADB project officer and the nominated client representative is necessary to ensure that the TA design keeps pace with evolving client needs and can be adjusted as necessary prior to the TA project’s approval.

Project Number: 48139-001
Project Name: Enhancing the Institutional Capacity of the Implementation Monitoring and Evaluation Division
Report Date:
Lesson
This is not a lesson pertaining to post_x005F_x0002_TA financial resources, but just provides information on further resources after the TA implementation.

Project Number: 45376-001
Project Name: Capacity Building for Portfolio Management
Report Date:
Lesson
An updated DMF is necessary to capture a TA project’s full extent of impact by aligning indicator years with those of the TA.

Project Number: 45376-001
Project Name: Capacity Building for Portfolio Management
Report Date:
CSV