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Lesson
The choice of a multifinancing facility (MFF)\ as the financing modality for a proposed investment needs to be adequately justified, with due consideration of the fulfillment of preconditions, scope of tranches, and the extent to which an MFF would generate potential value addition in terms of efficiency, portfolio performance, and development results as compared to standalone project-based loans.

Project Number: 37139-023
Project Name: Uttaranchal Power Sector Investment Program - Tranche 1
Report Date:
Lesson
It is important to conduct sufficient and in-depth consultations during project preparation to gather inputs to fit the project design to stakeholder and market needs.

Project Number: 45273-001
Project Name: Financing Brick Kiln Efficiency Improvement Project
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Lesson
Learning from and drawing on the achievements of past interventions is critical to the success of comprehensive policy reforms supported by the programmatic approach to policy-based lending (PBL).

Project Number: 51199-001
Project Name: Ulaanbaatar Air Quality Improvement Program
Report Date: