A design and monitoring framework can be an effective instrument to attain results only if it is properly shared with implementing agencies and provides clear performance targets with appropriate timelines, monitoring mechanisms, and baseline data. Sufficient resources and time should have been allocated for consultation with implementing agencies in determining program inputs, outputs, and outcomes, as well as in setting and monitoring performance targets. To be effective, ADB must ensure that systems to monitor the achievement of performance targets are in place or are established in time. State government offices could not provide complete sets of foreign investment data. National government offices could not provide data on secured transactions, registered businesses or enterprise performance. Land administrations did not have reliable data on the land titles or leases.
Federated States of Micronesia: Private Sector Development Program