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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
Standardization of the qualification and evaluation criteria for highly technical equipment expedites procurement and helps ensure the quality of procured equipment.

Project Number: 43332-013
Project Name: Railway Energy Efficiency and Safety Enhancement Investment Program
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
Having a well-thought focus makes it easier for a multitranche financing facility (MFF) to be administered thereby increasing its efficiency and potential for success.

Project Number: 43332-013
Project Name: Railway Energy Efficiency and Safety Enhancement Investment Program
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
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
It is critical to get the program investment cost right so that the government would know how much is needed in counterpart funds and could plan accordingly

Project Number: 43332-013
Project Name: Railway Energy Efficiency and Safety Enhancement Investment Program
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
A lesson could have been suggested on the relevance of sharing the knowledge created with other ADB member countries

Project Number: 48377-001
Project Name: Financing Public-Private Partnerships
Report Date:
Lesson
This lesson seems to suggest that the sequential order of activities could have been replaced by topic_x005F_x0002_based outputs. IED finds that the clear sequential order of activities would have given this TA more strength of TA design and planning.

Project Number: 48377-001
Project Name: Financing Public-Private Partnerships
Report Date:
Lesson
There may have been some lessons for ranges of stakeholders to be consulted for PPP policy recommendations.

Project Number: 48377-001
Project Name: Financing Public-Private Partnerships
Report Date:
Lesson
A lesson could have been included here on the role of this TA in building a clear body of research, consultation, and validation toward the final production and wide dissemination of the TA products.

Project Number: 48377-001
Project Name: Financing Public-Private Partnerships
Report Date:
Lesson
A lesson could have been included here regarding the benefit of sourcing individual experts as opposed to a firm for wider experience and knowledge of PPPs in other countries.

Project Number: 48377-001
Project Name: Financing Public-Private Partnerships
Report Date: