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Lesson
No additional lessons

Project Number: 34113
Project Name: Small and Medium Enterprise Export Development Project
Report Date:
Lesson
One significant additional lesson is the importance of monitoring the results of reform programs even after the financial closure of the program, ensuring that the government and its various implementing agencies develop a strong sense of ownership for the reform initiatives. As pointed out in para. 19, these types of SME reform measures would usually take much longer time to achieve real outcomes on the ground.

Project Number: 34344 -013, 38335-013
Project Name: Small and Medium-Sized Enterprise Development Program Cluster (Subprograms 1 and 2)
Report Date:
Lesson
Both support facilities were critical to the crisis response of Bangladesh as no other development partners provided any crisis-related assistance or program support during the program period. However, the pricing (interest spread of 200 basis points above the London Interbank Offered Rate or LIBOR) and maturity (5 years) of the CSF loan makes it is less suitable for a poorer country like Bangladesh.

Project Number: 43157-013
Project Name: Public Expenditure Support Facility Program and Countercyclical Support Facility Support Program
Report Date:
Lesson
No new lessons

Project Number: 38447-013
Project Name: Rural Enterprise Modernization Project
Report Date:
Lesson
Adjustments during implementation should have been made in the growth targets tomake them more realistic and aligned with developments in the overall environment.

Project Number: 36419-013
Project Name: Small and Medium Enterprise Development Support Project
Report Date:
Lesson
Trade policy should include measures that increase the benefits to small and medium-sized enterprises (SMEs) from trade, including measures to make it administratively easy to obtain certificates of rules of origin, an outreach strategy to help SMEs on trade policy developments and utilization of preferential trade agreements, and implementation of intellectual property rights that could benefit SMEs, such as geographical indications (regional trademarks).

Project Number: 35304-032, 35304-045
Project Name: Private Sector and Small and Medium-sized Enterprises Development Program Cluster (Subprograms I and II)
Report Date:
Lesson
Policy-based programs should be designed to reflect the capacity of the executing and implementing agencies, and policy reforms should be commensurate with the program loan or grant amount.

Project Number: 35304-032, 35304-044
Project Name: Private Sector and Small and Medium-sized Enterprises Development Program Cluster (Subprograms I and II)
Report Date:
Lesson
Institutional development and engagement of stakeholders in the program are necessary for quality policy development.

Project Number: 35304-032, 35304-043
Project Name: Private Sector and Small and Medium-sized Enterprises Development Program Cluster (Subprograms I and II)
Report Date:
Lesson
Proper sequencing and program readiness. Proper sequencing of program activities is essential to ensure success. In the case of the Small and Medium Enterprise Sector Development Program (SMESDP), gaps in program readiness led to delays in its implementation. As discussed in para. 8, adoption of a two-step approach would have been more appropriate; first, the technical assistance (TA) loan to prepare the outputs needed and recommendations for implementation, followed by a second step of putting the SMESDP in place to implement the recommendations of the TA loan.

Project Number: 35225-013
Project Name: Small and Medium Enterprise Sector Development Program
Report Date:
Lesson
Continuous policy dialogue and policy development are important for sustaining reforms. Under the Private Sector and Small and Medium-sized Enterprises Development Program Cluster (PSME) this was achieved through regular reviews, production of policy discussion notes, and joint work with counterparts. The post-program partnership framework (P3F) has been instrumental in maintaining the dialogue between ADB and government counterparts.

Project Number: 35304-032, 35304-042
Project Name: Private Sector and Small and Medium-sized Enterprises Development Program Cluster (Subprograms I and II)
Report Date:
Lesson
Compliance with the repor and recommendation of the president (RRP) recruitments. The requirements for goods and services as incorporated in the RRP and loan agreement need to be strictly followed while preparing the technical assistance project proposal (TPP) to ensure smooth TA implementation. Due to misunderstandings by the executing agency, the TPP prepared by the government was not able to meet the requirements; causing two problems.

Project Number: 35225-013
Project Name: Small and Medium Enterprise Sector Development Program
Report Date:
Lesson
Enterprise finance projects need to have a clear exit strategy at completion. The project had no clear strategy on how the Small Business Enterprise Centre (SBEC) should be supported beyond the life of the project. The SBEC was left with a huge loan guarantee portfolio at the end of the project and no long-term means to sustain its operations.

Project Number: 33167-013, 33167-022
Project Name: Small Business Development Project
Report Date:
Lesson
Support for capacity building should be geared towards promoting the long-term sustainability of institutions. While technical assistance in the form of logistical support, advisory assistance (through consultant inputs), study tours, and training help to improve project capabilities, they do not necessarily address long-term sustainability of institutions.

Project Number: 33167-013, 33167-022
Project Name: Small Business Development Project
Report Date:
Lesson
Early identification of the constraints to implementation, and development of clear strategies to address these constraints would have made implementation more effective and efficient. The capacity constraints of implementing agencies were not clearly defined early on in implementation, especially the credit components. No clear strategies were developed to address constraints in the social and cultural environment and in market conditions that affect the policy component. As a result, the project suffered delays and the delivery of outputs and outcomes was significantly affected.

Project Number: 33167-013, 33167-022
Project Name: Small Business Development Project
Report Date:
Lesson
A project design based on a sound and thorough assessment of institutional constraints and market conditions would have ensured smoother implementation and improved loan performance. In the context of Samoa—where the financial market is relatively underdeveloped, the collateral framework is weak, and institutions have limited capacity—a more simple and focused project design would have been more appropriate.

Project Number: 33167-013, 33167-022
Project Name: Small Business Development Project
Report Date: