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Lesson
The appointment of TA country focals is critical for sustained coordination and to ensure that TA activities remain relevant and responsive to each of the countries' priorities and needs. But in this case, the nature of TA activities required the involvement of other government agencies in each country, such as the ministries of emergency situations, and in particular, the ministries of finance and the ministries of health. Increased engagement with RMs and national experts will be useful to ensure intersectoral coordination in subsequent TAs in this field.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
English and Russian language TA publications increased the visibility of project activities and this may be replicated in future similar projects. Video tutorials on a CAREC Disaster Risk Modelling Interface (DRMI), an interactive online platform, was particularly helpful in allowing country stakeholders to visualize their risk profiles, perform high-level cost-benefit analyses of implementing disaster risk reduction measures, and quantify risk transfer costs for earthquake and flood parametric insurance structures.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
Greater invovement from resident missions (RMs), e.g., by designating RM staff to regional TA teams, is important to ensure that potential solutions identified through analytical work are translated into tangible projects. Conversely, team members of regional TAs may also be involved in country programming.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
It will be essential to find a balance in future TA projects between continuing support for the whole region and having activities and outputs focus on a subset of countries to allow for more granularity in analyses and deeper engagements. This was the first TA for the Central Asia Regional Economic Cooperation (CAREC) in the field of disaster risk financing (DRF), and as such, was designed to cover all 11 CAREC countries.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
A knowledge-sharing workshop in targeted beneficiary countries of a regional TA project could help strengthen the concept development of future such TA. This interactive approach offers several advantages, including: (i) Enhanced stakeholder engagement. A workshop focusing on the initial research findings would allow representatives from benefiting countries to participate actively from the outset. This would foster a sense of ownership and enhance buy-in for the initiative by ensuring stakeholders feel invested in its success. (ii) Improved needs identification.

Project Number: 54344-001
Project Name: Supporting the Establishment of a CAREC Regional Infrastructure Projects Enabling Facility
Report Date:
Lesson
Geopolitical shifts, market dynamics, and government decisions could impact project continuity. This was shown by the TA which highlighted challenges in ensuring the continuation of projects beyond the TA phase.

Project Number: 44184-012
Project Name: Afghanistan and Turkmenistan: Regional Power Interconnection Project
Report Date:
Lesson
While significantly enhancing the viability and impact of energy initiatives, the TA underscored the importance of collaborative efforts among neighboring countries and development partners. It demonstrated how fostering partnerships and connectivity can optimize the use of regional energy resources. It facilitated energy trade agreements between Afghanistan and Turkmenistan, highlighting the potential for regional cooperation.

Project Number: 44184-012
Project Name: Afghanistan and Turkmenistan: Regional Power Interconnection Project
Report Date:
Lesson
Political instability and security issues have a significant impact on project implementation and the ability to meet timeframes. These and other external factors need to be considered during the design stage especially to map out more realistic and achievable timeframes. Risk mitigation measures should be agreed upon with participating countries during project appraisal.

Project Number: 52070-001
Project Name: South Asia Subregional Economic Cooperation Regional Energy Cooperation
Report Date:
Lesson
Multilateral and bilateral agreement would be more helpful if undertaken before loan approval as it would indicate buy-in and commitment by participating countries.

Project Number: 40054-013
Project Name: South Asia Subregional Economic Cooperation Information Highway
Report Date:
Lesson
A major constraint to the sustainability of reforms in macroeconomic management and financial sector development in small economies is the difficulty in recruiting, training, and retaining staff to undertake key analysis, supervision, and management functions.

Project Number: 46371-002
Project Name: Strengthening Economic Management Program II
Report Date:
Lesson
The PPP model can help finance relatively large infrastructure projects that directly increase export and government revenue. This approach is particularly relevant in developing countries with weak private sector participation in infrastructure and which lack the capacity for commercial borrowing because of debt sustainability considerations. Some examples of countries in a similar situation are the Kyrgyz Republic, the Lao People’s Democratic Republic, Nepal, and Tajikistan where large hydropower potential can be developed to increase their power exports using the PPP model.

Project Number: 37399-013
Project Name: Green Power Development Project
Report Date:
Lesson
The failure of interest rate liberalization was also partly a failure of analysis. Removing overt administrative control of interest rates may make little difference to prevailing rates and practices if there is little competition between lenders because of the sector’s oligopolistic and closely held structure. Several factors made it unlikely that simple deregulation of rate setting would be conclusive.

Project Number: 29243/29243-01/31910
Project Name: Financial Sector Intermediation Facility and Equity Investment in Bhutan National Bank
Report Date: