The provision of technical assistance (TA) should match the scope of targeted policy reforms and the capacity of implementing agencies. In addition, it appears from the evaluation of the program that ADB's great reliance on TA consultants to develop much of its policy and advisory input affects its ability to develop sustainable internal capacity on policy issues. It has thereby reduced ADB's ability to quickly respond to government requests for policy advice and to engage in long-term dialogue. To improve ADB's processing and supervision of complex program loans - particularly those that entail policy reforms, development of new laws and/or amendment of existing laws, and human resource and institutional development elements - sufficient supervision budgets, staff skills, and staff incentives should be ensured. Ideally, staff should be given incentives and enabled to maintain their program supervision roles for longer periods, thereby improving program implementation.
Financial Regulation and Governance Program