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Lesson
Other lessons that can be used when replicating or scaling up some aspects of this TA project were not mentioned. Based on the guidelines, replication occurs when results of the TA project can be copied in other areas. Evidence of scaling up can involve mainstreaming the TA project process into wider development pathway.

Project Number: 48240-001
Project Name: Information and Communication Technology for Development Initiative Facility in Asia and the Pacific
Report Date:
Lesson
Due to the nature of the TA project’s deliverables and increasing demands from operational departments, the TA project had to be made flexible. Hence, it was not limited to the narrowly pre-defined areas and maximized the use of TA project resource as a facility

Project Number: 48240-001
Project Name: Information and Communication Technology for Development Initiative Facility in Asia and the Pacific
Report Date:
Lesson
The way the lesson was formulated in the TCR could be improved (it is stated more like an issue rather than lesson learned). But a lesson could be inferred that ensuring individual DMC commitment upfront and awareness measures could seamlessly facilitate progress towards the attainment of the objective of the TA.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
Also, ensuring that approval is sought for changes in the indicators in the course of TA implementation is a good practice.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
Extension of the TA for one year due to foreseeable events would not have been necessary had the TA been designed more appropriately.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
On the output indicator, understanding of the underlying environment, including quality of data, through pre-investigative works could have ensured better design of TA outputs.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
Based on further information provided by ERCD, ensuring that adequate resources are allocated to finance important associated costs (e.g., hiring of dedicated staff to monitor use of proceeds and to ensure compliance with post-issuance reporting requirements) could help facilitate sustained increase in green bonds issuance.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
Based on further information provided by ERCD, understanding the additional costs (beyond external review fees) would help in identifying the reasons why there was no second-round issuance (which affects reputation if green status is lost) even though issuers have already invested heavily to establish proper internal system to monitor use of proceeds and provide post-issuance reporting.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
The outcome indicator should have been formulated more clearly and the outputs/activities planned to better ensure that it could deliver the targeted outcome.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
The way the lesson was formulated in the TCR could be improved (it is stated more like an issue rather than lesson learned). But lessons can be inferred that addressing reputational risk and additional costs for meeting green bonds requirements, ensuring a certain level of market maturity, and establishing clear regulations by market regulators are necessary conditions to the successful attainment of the TA objectives.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
The MFF is a useful modality for providing the substantial financing required for infrastructure through successive tranches, but frequent policy dialogue between ADB and the executing agency would support the strategic long-term requirements of the sector. Implementation of the program demonstrated the flexibility and effectiveness of the MFF modality, for example when an additional tranche was approved to cover a section of the corridor that was originally not envisioned for ADB finance.

Project Number: 41121-023, 41121-033, 41121-043, 41121-053, 45150-001
Project Name: CAREC Transport Corridor 1 (Zhambyl Oblast Section) [Western Europe–Western People’s Republic of China International Transit Corridor] Investment Program and Taraz Bypass Project (Kazakhstan)
Report Date:
Lesson
Well-designed road facilities and the systematic monitoring and collection of the traffic accident and volume data are critical for transport policy and for safe and sustainable transport over the long term. Road investments alone cannot ensure that sustainability objectives are achieved; complementary measures are needed to offset the adverse impacts of infrastructure provision, but to support this, traffic accident and count data need to be accurately collected and monitored.

Project Number: 41121-023, 41121-033, 41121-043, 41121-053, 45150-001
Project Name: CAREC Transport Corridor 1 (Zhambyl Oblast Section) [Western Europe–Western People’s Republic of China International Transit Corridor] Investment Program and Taraz Bypass Project (Kazakhstan)
Report Date:
Lesson
Innovative technologies need to be carefully assessed and monitored to determine their efficacy and sustainability. As new technologies are made available through various projects, close monitoring of their application and performance and as well as best practices should be incorporated so they can contribute to the success of the program and projects. Accumulation of this knowledge and its proper dissemination within ADB will ensure that it can be applied to other projects in different locations.

Project Number: 41121-023, 41121-033, 41121-043, 41121-053, 45150-001
Project Name: CAREC Transport Corridor 1 (Zhambyl Oblast Section) [Western Europe–Western People’s Republic of China International Transit Corridor] Investment Program and Taraz Bypass Project (Kazakhstan)
Report Date:
Lesson
The TCR could have TCR could have provided further details about the national agenda/initiatives from India, Indonesia, and the PRC (Green Finance Initiative) brought about by the experience in developing this regional AMF. Based on the wrap-up workshop brief, staff from the East Asia Deparment, Central and West Asia Department, Office of the Special Project Facilitator, South Asia Department, and Sustainable Development and Climate Change Department, were present. Such details and other lessons from the Manila wrap-up workshop could have been mentioned in the TCR as well.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
The TCR could have further discussed the benefits or disadvantages of having government agencies as local partners, such as the Policy Research Bureau of the China Banking and Insurance Regulatory Commission, facilitate workshop organization and implementation.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date: