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CSV
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 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 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
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: 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 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
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
Strengthening partnerships among bilateral and multilateral organizations, especially in the Pacific region, supplements a government’s initiatives. For instance, complementary work among these donors helps a government in redesigning projects struck by disasters during implementation, especially to realign project components alongside the urgent needs of disaster recovery, rehabilitation, and reconstruction efforts.

Project Number: 42391-013
Project Name: Port Vila Urban Development Project
Report Date:
Lesson
Preparatory studies of project design, which ensure technical feasibility during project preparatory phase, help reduce the effect of implementation delays that may arise due to changes in project scope or geographical conditions. As such, project master plans need to be properly supplemented by technical details to ensure suitable configuration of components. These need to cover the whole range of alternative technical options that are available.

Project Number: 42391-013
Project Name: Port Vila Urban Development Project
Report Date:
Lesson
A carefully developed TOR for consultants during the project planning and design stage ensure that the contract is set up in a most efficient way.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date:
Lesson
The lifting of regulatory standards, the development of a project pipeline and the development of strategic trade and transport facilitation implementation plans help to direct government focus for budget allocation. Donors and the private sector are motivated to invest in areas where strategic development has already commenced, and where strategic plans are in place that have a coordinated long-term focus, and which can clearly demonstrate positive project outcomes.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date:
Lesson
Agreed. A large turn-out from all the Pacific DMCs at the workshop, including finance ministries and maritime and aviation authorities culminated in strong ownership and commitment to delivering new projects. Regional workshops are an affective mechanism for soliciting stakeholder participation in the Pacific and can culminate in strong ownership and commitment to delivering new projects.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date:
Lesson
Agreed. Maintaining continuity in the course of TA implementation by utilizing the consultant team most familiar with the project can result in benefits from knowledge building. Furthermore, knowledge sharing initiatives provide a mechanism to facilitate information exchange that can result in successful project outcomes.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date:
Lesson
Agreed. Furthermore, the UNESCAP previously piloted a TTFMM in South Asia. The approach was replicated under this TA project for Output c. The application of well-executed methodologies used in other comparable regions is a positive example of knowledge sharing and replication. It is also important to adopt the approach piloted in other region by fully customizing the approaches that are applicable to the region of the interest, which for this TA project was the Pacific region.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date:
Lesson
Agreed. The soliciting of stakeholder buy-in and support is an important aspect of project design, implementation, and delivery. A proper understanding of the demands being made on local players to provide information and any cultural issues with information sharing can help to develop buy-in to facilitate smooth project facilitation. At times, incentives may be required to assist local players to overcome barriers to cooperation.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date:
CSV