Improvement of Capital Market and Insurance Governance TA Loan

Early proactive engagement with project stakeholders could have been done for readiness in critical areas. Although the project largely achieved its intended outcome and outputs and had significant impact on the capital market and insurance sector of the country, implementation began much later than scheduled because of delayed recruitment of consultants. _x005F_x000D__x005F_x000D_Training component could be spread over the implementation period. The training component related to Investment Corporation of Bangladesh and Insurance Development and Regulatory Authority were not fully used because of time constraints and logistical problems. There appeared to a rush at the end of project period to find appropriate trainings. _x005F_x000D__x005F_x000D_Commitment of stakeholders played crucial role to achieve success. Despite delay in recruitment of consultants, commitment and ownership of executing agency and implementing agencies played the vital role in achieving the intended results. _x005F_x000D__x005F_x000D_Information could have been updated and stored in a better way. There have been difficulties in acquiring the project information needed to prepare the project completion report (e.g., a full set of consultant's reports). The underlying reason for the delay in consultant recruitment could not be discerned from the consultant recruitment and monitoring sheet because of the absence of detailed explanations for major delays.