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Lesson
No additional lesson.

Project Number: 32239-013
Project Name: Urban and Environmental Improvement Project
Report Date:
Lesson
No additional lesson.

Project Number: 40655-033, 40655-043
Project Name: India Infrastructure Project Financing Facility
Report Date:
Lesson
Introducing and promoting an ambitious and transformative undertaking require substantial preparation and investment .

Project Number: 33364-013
Project Name: Agribusiness Development Project
Report Date:
Lesson
The project design needs to be cautious of interlinked project components and institution works, e.g. the lack of further financing support under component 2 stifled the momentum of progress in forming farmer enterprise groups and the lack of success in grade standardization and certification hindered progress in developing the wholesale market database under component 3.

Project Number: 33364-013
Project Name: Agribusiness Development Project
Report Date:
Lesson
The program’s ability to mobilize cofinancing for all components to address weaknesses in key regulatory issues and institutional development is laudable.

Project Number: 33357-013
Project Name: Lao People’s Democratic Republic: Rural Finance Sector Development Program
Report Date:
Lesson
No additional lesson.

Project Number: 38276-013, 38276-023
Project Name: Financial Market Regulation and Intermediation Program
Report Date:
Lesson
In emergency situations, requiring design changes that are inconsistent with existing regulations should be avoided no matter how appropriate.

Project Number: 39144-013
Project Name: Tsunami-Affected Areas Rebuilding Project
Report Date:
Lesson
The decision to use the project management units of ongoing ADB-funded projects with minor increase in staff expedited reconstruction.

Project Number: 39144-013
Project Name: Tsunami-Affected Areas Rebuilding Project
Report Date:
Lesson
When a reform requires adoption of international standards, then both ADB and the government should communicate with the relevant international body responsible for the adoption of those standards. Where possible, a program specifically for Viet Nam can be designed and agreed. An example of this is the adoption of international financial reporting standards in close coordination with the international accounting standards board. [Main text, para. 43(x)]

Project Number: 37577-013
Project Name: Third Financial Sector Program Loan
Report Date:
Lesson
For capacity building, technical assistance grants are likely to be insufficient. An ad hoc approach to training is insufficient and can be counterproductive. Instead, ADB and the government should discuss the possibility of either a project loan to support capacity building or of Ministry of Finance earmarking a portion of the program loan to fund the capacity building initiatives of a structured medium-term program through the government budget process. Given its importance, this can be considered as a policy action in the policy matrix. [Main text, para. 43(ix)]

Project Number: 37577-013
Project Name: Third Financial Sector Program Loan
Report Date:
Lesson
Financial sector reforms must be supported by sufficient technical assistance (TA) resources. The design of financial sector TA should be undertaken in close coordination with the relevant executing and implementing agencies and aligned to their work plan. TA projects should be focused, and targeted particularly at reforms that have been substantially delayed. [Main text, para. 43(viii)]

Project Number: 37577-013
Project Name: Third Financial Sector Program Loan
Report Date:
Lesson
There needs to be a balance between flexibility and achievement of results. A program cluster modality has in-built flexibility, particularly when designing indicative actions such as for subprogram 2. However, this flexibility is not a carte blanche for changes and should not be used to substitute uncompleted reforms just because they are difficult to implement. When making revisions or substituting policy actions, a careful assessment should be made as to how these revisions or substitutions will affect the achievement of outputs and ultimately the outcome of the program.

Project Number: 37577-013
Project Name: Third Financial Sector Program Loan
Report Date:
Lesson
Program loans should be focused and consist of targeted high impact policy actions in a few selected areas, which cumulatively lead to the desired outcome. This will increase government ownership of the program and thus avoid delays in implementation of the reforms. [Main text, para. 43(vi)]

Project Number: 37577-013
Project Name: Third Financial Sector Program Loan
Report Date:
Lesson
ADB and the government need to recognize that financial sector reforms are complex, have a medium- to long-term gestation period, and require proper sequencing that follows a step-by-step approach. This is especially important when new institutions, legal and regulatory frameworks, or standards are being introduced. Such a focused and phased approach may better accommodate capacity constraints, avoid delays, and enable a more accurate measurement of outcome and impact. [Main text, para. 43(v)]

Project Number: 37577-013
Project Name: Third Financial Sector Program Loan
Report Date:
Lesson
Given the challenges of coordination in Viet Nam and the financial sector generally, when a policy action requires coordination between two or more agencies, ADB and the government must first ensure that the coordination mechanism and institutional infrastructure have been established and areworking as envisioned. In the initial stage, ADB staff, including those from the Resident Mission, should participate in meetings and discussions. This is to prevent the existence of a coordination mechanism only on paper. [Main text, para. 43(iv)]

Project Number: 37577-013
Project Name: Third Financial Sector Program Loan
Report Date:
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