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Lesson
The importance of ex-post monitoring as results of policy-based loans are expected to fully materialize after implementation period. In this regard, mechanisms, such as the post-program engagement framework , established as part of program design allows for monitoring of results over the longer term and helps in promoting sustainability of the program.

Project Number: 51252-003, 51252-004, 51252-005
Project Name: Financial Market Development Program (Subprograms 1, 2, and 3)
Report Date:
Lesson
As investment portfolio grows and as infrastructure projects increase in number, become larger, more complex, and diverse, it is important to improve the capacity of key institutions. Stronger managerial and technical capacities in areas, such as risk management, pricing, and treasury operations, are essential especially when an institution plays a nodal role in private sector financing in a growing infrastructure environment.

Project Number: 42180-016
Project Name: Third Public-Private Infrastructure Development Facility (Tranche 1)
Report Date:
Lesson
New products can benefit from market and demand analysis that provide a basis for designing products that are responsive to the needs of the market. The introduction of take-out financing under this project did not benefit from such analysis. Uptake for take-out financing as designed under Tranche 1 was low. This highlights the role of market and demand analysis that provide valuable inputs in designing and introducing a new financial product that is responsive to market demand.

Project Number: 42180-016
Project Name: Third Public-Private Infrastructure Development Facility (Tranche 1)
Report Date:
Lesson
At the sector level, a conducive policy, legal, and institutional environment for PPP facilitates could enhance PSP in infrastructure services. PSP is facilitated when there are (i) a suitable policy and strategy for PPP, (ii) an established and professionally managed PPP Office that facilitates PPP processes, and

Project Number: 42180-013
Project Name: Second Public–Private Infrastructure Development Facility
Report Date:
Lesson
A financially sound institution dedicated to finance projects in renewable energy subsector, with the national government’s support, signals country’s strong commitment to achieve its goals in the subsector. This, together with favorable regulatory environment, is instrumental in providing the right incentives to attract private investors and other development partners and foster the rapid deployment of renewable energy in a country.

Project Number: 46268-002
Project Name: Clean Energy Finance Investment Program (Tranche 1)
Report Date:
Lesson
Programs that involve public sector management and finance reforms need to consider information from the country’s Supreme Audit Institution, not only to inform their views on the transparency and accountability of government administration before the program commences, but also in the evaluation of the program once it is complete.

Project Number: 50145-001
Project Name: Countercyclical Support Facility Program
Report Date:
Lesson
Get the institutional framework right before scaling up.

Project Number: 37220-013, 37220-023, 37220-033
Project Name: Sindh Cities Improvement Investment Program (Tranche 2 and the Multitranche Financing Facility)
Report Date:
Lesson
It is important for succeeding tranche loans to have clear provisions of clear conditionality in the program design and lending agreements.

Project Number: 37220-013, 37220-023, 37220-033
Project Name: Sindh Cities Improvement Investment Program (Tranche 2 and the Multitranche Financing Facility)
Report Date:
Lesson
For programs which focus on gender equity, identifying and ensuring that institutions supporting gender are onboard throughout program development and implementation is crucial.

Project Number: 45230-001
Project Name: Women’s Entrepreneurship Support Sector Development Program
Report Date:
Lesson
The IA, the Infrastructure Development Company Limited, could have entered into strategic partnerships with other international organizations to further improve its skill and capacity given the complexity of activities in infrastructure.

Project Number: 40517-013, 40517-042
Project Name: Public–Private Infrastructure Development Facility
Report Date:
Lesson
Regulatory bottlenecks need to be appraised rigorously and continuous policy dialogue with relevant government agencies should have been undertaken by ADB.

Project Number: 44060-024
Project Name: Small and Medium Enterprise Investment Program (Tranche 2)
Report Date:
Lesson
Gender elements should be a default item in the menu of actions for projects and programs supporting financial inclusion.

Project Number: 46371-002
Project Name: Strengthening Economic Management Program II
Report Date:
Lesson
1. Regulatory bottlenecks (such as regulatory procedures on foreign exchange and restrictions on cash transactions) that affect implementation need to be assessed more comprehensively, reviewed at appraisal, with the relevant agencies proactively involved in addressing the issues.

Project Number: 42007-014
Project Name: Small Business and Entrepreneurship Development Project
Report Date:
Lesson
Future support to developing public-private partnerships (PPPs) in Indonesia would benefit from a clearer identification of the obligations, incentives, and cost-sharing arrangements among government agencies. A more thorough political economy analysis will identify constraints.

Project Number: 40009-013, 40009-023, 40009-33, 40009-43
Project Name: Infrastructure Reform Sector Development Program (Subprograms 1, 2, and 3, and an Infrastructure Project Development Facility)
Report Date:
Lesson
It is important that ADB and development partners, in general, understand not only the formal but also informal institutional settings, particularly how government officials at different levels interact. A more thorough political economy analysis will identify constraints.

Project Number: 40009-013, 40009-023, 40009-33, 40009-43
Project Name: Infrastructure Reform Sector Development Program (Subprograms 1, 2, and 3, and an Infrastructure Project Development Facility)
Report Date: