Search

Displaying 1 - 15 of 76

CSV
Lesson
Technical assistance (TA) is required to develop the capacity of institutions to meaningfully engage with ADB on a longer-term basis. ADB’s continuous engagement with the country, during and after a PBL, is essential. It allows ADB to keep a foothold in the country, learn about the reforms being assisted by other development partners, remain updated about emerging needs and issues, support sustainability, and help in processing new programs.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Dissemination of achievements made under the program is essential for knowledge-sharing and to strengthen ADB’s image as an effective development partner, The program supported the implementation of key reforms that were relevant and highly desired by the government to accelerate the country's economic growth. It is important to communicate the achievements made, with the general public and development partners, to improve knowledge and raise awareness. Communication and public awareness are also essential to enhance ADB’s status and credibility as an effective development partner.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Strong alignment with government strategies and priorities leads to strong government ownership and participation in program implementation. The reforms adopted under this program were essential to improve fiscal credibility and strengthen the capital market in Armenia. They were fully aligned with the strategies of the government and ADB. Because of this strong strategic alignment, government ownership of the program remained strong and all implementing agencies actively coordinated with ADB to achieve the reform agenda.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
The absence of a programmatic approach in policy-based loans (PBLs) can put at risk the sustainability of reforms. This program was designed as a stand-alone, single-tranche, PBL and effectively achieved its objective because of strong ownership by and well-coordinated efforts of the authorities and ADB staff. However, the lack of a programmatic approach posed a high risk to the sustainability of the reforms made.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Sound project design requires adequate technical input and open communication with key participants and/or stakeholders. Greater technical input was necessary to appraise the government’s proposed components during project preparation. Specifically, the design flaws in output 2, credit lines for biogas value chains and other climate-smart agriculture waste management investments, would have been avoided if the processing team had access to livestock, environmental, and institutional specialists with appropriate country knowledge to support the financial management specialist.

Project Number: 45406-001
Project Name: Low Carbon Agricultural Support Project
Report Date:
Lesson
Research activities must be undertaken early in project implementation. Where research is needed to guide the introduction of new technologies, such research is better undertaken in advance of a project so that results can be incorporated in the project design. In this project, the 5-year project time frame was too short in undertaking research, evaluating results, and effecting replication. This time frame was further exacerbated by denying the participation of government-owned research institutes in the research program.

Project Number: 45406-001
Project Name: Low Carbon Agricultural Support Project
Report Date:
Lesson
Procurement should be exhaustive. Developing a procurement strategy with proper analysis of market availability, operating environment, including capacity assessments of executing and implementing agencies, and risk management will help the project achieve its intended results in a timely manner. Where a project requires participation of government-owned universities or research centers, attention should be paid at project appraisal to para. 1.13 (c) of ADB’s Guidelines on the Use of Consultants (2013, as amended from time to time).

Project Number: 45406-001
Project Name: Low Carbon Agricultural Support Project
Report Date:
Lesson
Having specific performance indicators dedicated to improving FI’s operational and financial management helps ADB foster its development objectives, while improving FI’s institutional capacity. Specifically, the performance indicators on safeguards compliance help ADB improve FI’s ESMS, thereby, mainstreaming ADB’s environmental and social objectives in infrastructure projects that FIs implemented.

Project Number: 46268-002
Project Name: Clean Energy Finance Investment Program (Tranche 1)
Report Date:
Lesson
Another lesson is that strong partnership and greater collaboration among FIs and stakeholders support the strengthening of financial supervision and risk management monitoring. Due diligence on the FI’s institutional capacity prior to loan approval, led to develop a complementary TA, which in turn supported in improving FI’s operational and financial management. ADB’s additional financing served as leverage to pursue recommendations from the TA, aimed to improve the FI’s financial and operational performance.

Project Number: 46268-002
Project Name: Clean Energy Finance Investment Program (Tranche 1)
Report Date:
Lesson
Particularly for loans, in-depth review on a borrower’s credit performance and the sector context, as part of the due diligence assessment, is vital for recognizing potential financial risks. Analytical measurements on financing risks (e.g., adequacy of capital ratio, contingent liabilities), risk allocation options, and risk management monitoring, for example, are key factors that enhance credit appraisal and help develop a well-structured financing scheme and related covenants.

Project Number: 46268-002
Project Name: Clean Energy Finance Investment Program (Tranche 1)
Report Date:
Lesson
A financially sound institution dedicated to finance projects in renewable energy subsector, with the national government’s support, signals country’s strong commitment to achieve its goals in the subsector. This, together with favorable regulatory environment, is instrumental in providing the right incentives to attract private investors and other development partners and foster the rapid deployment of renewable energy in a country.

Project Number: 46268-002
Project Name: Clean Energy Finance Investment Program (Tranche 1)
Report Date:
Lesson
The lack of a well-designed platform for generating long-term savings and investment products results in low achievement of program results.

Project Number: 48427-001, 48427-002
Project Name: Encouraging Investment through Capital Market Reforms Program
Report Date:
Lesson
A dedicated credit risk team, taking charge of credit risk management and functioning independent of credit origination, is essential to improving credit underwriting.

Project Number: 46268-002
Project Name: Clean Energy Finance Investment Program – Tranche 1
Report Date:
Lesson
Loan covenants need to be continually assessed and updated, considering changes in the operating environments.

Project Number: 46268-002
Project Name: Clean Energy Finance Investment Program – Tranche 1
Report Date:
Lesson
A holistic and thorough diagnostic enables the preparation of a comprehensive but highly implementable capital market development plan.

Project Number: 48427-001, 48427-002
Project Name: Encouraging Investment Through Capital Market Reforms Program
Report Date:
CSV