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Lesson
Public finance management (PFM) reforms are complex and require a long-term high level political commitment and flexibility to maximize the development impact. The progress made under PFM reforms can also be non-linear in nature, which requires greater effort to revisit reforms and to embed and institutionalize complex reforms as part of the “norm” in core government processes such as policy planning and budgeting.

Project Number: 52146-001
Project Name: Strengthening Public Finance Management Program (Subprogram 1)
Report Date:
Lesson
Given capacity constraints and experiences in legal drafting, legal and regulatory developments require a longer timeframe to be considered in ADB's future programs. The program could have further included a targeted capacity-building needs analysis and an associated TA project to directly address capacity constraints and deepen the capacity needed for full implementation.

Project Number: 52146-001
Project Name: Strengthening Public Finance Management Program (Subprogram 1)
Report Date:
Lesson
Flexibility during implementation enhances program responsiveness. The government made timely adjustments to ensure complementarities between two major assistance programs at the time—the United States’ Coronavirus Aid, Relief, and Economic Security (CARES) Act 2020 that provided unemployment benefits to citizens of Palau and the country’s own Coronavirus Relief One-Stop Shop (CROSS) Act of 2020 that provide relief to the private sector. Funding from the CROSS components with lower uptake were reallocated to those with higher demand.

Project Number: 54245-001
Project Name: Health Expenditure and Livelihoods Support Program
Report Date: