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CSV
Lesson
Design and monitoring frameworks (DMFs) need to have all the necessary Indicators as well as flexible timelines to effectively be used as planning, monitoring, and evaluation tools. Given the breadth of the program, the DMF should have included at least one indicator for each reform area to better monitor the outcome and long-term impact of key policy actions. Although three new outcome Indicators were included in subprogram 3, these mainly covered financial inclusion and nonperforming loans.

Project Number: 51252-003, 51252-004, 51252-005
Project Name: Financial Market Development Program
(Subprograms 1; 2; and 3)
Report Date:
Lesson
While face to face communication would have been better in certain cases, adaptation to pandemic restrictions by adopting new ways of working in addition to being agile and flexible proved adequate and strong enough to successfully implement projects during the pandemic. The program was implemented during a very challenging period when the pandemic was just reaching its peak, the health situation was deteriorating globally, and lockdown measures were being intensified.

Project Number: 51252-003, 51252-004, 51252-005
Project Name: Financial Market Development Program
(Subprograms 1; 2; and 3)
Report Date:
Lesson
Demand-led implementation and strong ownership and consistent government support are critical to the success of financial market reform programs. All stakeholders demonstrated strong commitment to the reform agenda, which led to timely and complete implementation. Sufficient assessment at program appraisal ensured that the strategic objectives of stakeholders were aligned with development objectives.

Project Number: 51252-003, 51252-004, 51252-005
Project Name: Financial Market Development Program
(Subprograms 1; 2; and 3)
Report Date:
Lesson
A structured, holistic, and sequential approach, backed by a comprehensive, medium- to long-term program and sufficient technical assistance (TA,) is critical to the success of financial market reforms. A wide range of reforms covering key pillars of the financial system was incorporated in this program nto enhance legislation, improve regulatory frameworks, introduce new initiatives, and support sustainable capacity building using a structured and sequential approach over the medium term.

Project Number: 51252-003, 51252-004, 51252-005
Project Name: Financial Market Development Program
(Subprograms 1; 2; and 3)
Report Date:
Lesson
Sufficient financial management expertise in the ADB project team and missions is necessary to ensure appropriate financial reporting, according to ADB requirements. In addition to these project-level lessons, mainstreaming the formulation of the GAP into all energy access projects, with sufficient attention and support, enhances project impact through measurable changes for women.

Project Number: 42252-022
Project Name: Rural Renewable Energy Development Project
Report Date:
Lesson
ADB's safeguards requirements are important at appraisal and throughout implementation. Sufficiently trained implementing staff monitor the safeguard elements of all energy sector projects and ensure that these do not trigger adverse effects.

Project Number: 42252-022
Project Name: Rural Renewable Energy Development Project
Report Date:
Lesson
A detailed technical assessment of the areas that could not be connected to the grid is essential to determining the viability of off-grid solar home systems.

Project Number: 42252-022
Project Name: Rural Renewable Energy Development Project
Report Date:
Lesson
Structures that ensure appropriate flow of information facilitate prompt responses to implementation issues.

Project Number: 42252-022
Project Name: Rural Renewable Energy Development Project
Report Date:
Lesson
Wind energy has a strong potential in Bhutan.

Project Number: 42252-022
Project Name: Rural Renewable Energy Development Project
Report Date:
Lesson
Sustaining gender mainstreaming in the energy sector of Bhutan requires a broad range of actions.

Project Number: 42252-022
Project Name: Rural Renewable Energy Development Project
Report Date:
Lesson
More innovative approaches are needed to attract women to become village technicians and be part of the energy sector of Bhutan.

Project Number: 42252-022
Project Name: Rural Renewable Energy Development Project
Report Date:
Lesson
The use of cross-subsidy and innovative technologies for renewable energy and electricity storage are effective in rapidly expanding electricity access for remote communities. This is critical in countries having mountainous terrain and archipelagos that require large investment to expand the distribution network.

Project Number: 37399-013
Project Name: Green Power Development Project
Report Date:
Lesson
The PPP model can help finance relatively large infrastructure projects that directly increase export and government revenue. This approach is particularly relevant in developing countries with weak private sector participation in infrastructure and which lack the capacity for commercial borrowing because of debt sustainability considerations. Some examples of countries in a similar situation are the Kyrgyz Republic, the Lao People’s Democratic Republic, Nepal, and Tajikistan where large hydropower potential can be developed to increase their power exports using the PPP model.

Project Number: 37399-013
Project Name: Green Power Development Project
Report Date:
Lesson
The DMF targets need to be project related. It used a target for impact indicator that linked project output to government revenue. While it is possible to reasonably forecast results, the government revenue may change for reasons unrelated to the project or the sector, as seen in this case.

Project Number: 37399-013
Project Name: Green Power Development Project
Report Date:
Lesson
A thorough impact assessment and monitoring will help mitigate the risks posed by middle-scale HPPs to the environment.

Project Number: 37399-014
Project Name: Green Power Development Project
Report Date:
CSV