The coverage of accompanying TA to support implementation of the reforms should match the scope and complexity of the program. The $1.5 million TA project was aimed at supporting the continuation of the reforms beyond the CMDPC, including the policy measures in the post-program monitoring framework. The other TA project amounting to $1.2 million TA project, with limited components, supported the implementation of a $600 million loan program with 93 policy actions to be completed by several government agencies. It is unclear whether additional budgetary resources were provided for program implementation; future programs may want to ensure appropriate resources for implementation.
Capital Market Development Program Cluster (Subprograms 1 and 2)