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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
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
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
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
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
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
Using the existing project management offices (PMOs) of government agencies in Afghanistan will help ensure adequate technical and supervision capacity for ADB-financed projects in the country.

Project Number: 48326-001
Project Name: Northern Flood-Damaged Infrastructure Emergency Rehabilitation Project
Report Date:
Lesson
Project administration by ADB resident missions helps ensure timely implementation support and facilitates closer relationships with counterpart agencies.

Project Number: 48326-001
Project Name: Northern Flood-Damaged Infrastructure Emergency Rehabilitation Project
Report Date:
Lesson
Adoption of firm subproject selection criteria enables the prioritization of technically feasible and financially and economically viable investments and allows for subproject substitution to be undertaken as required.

Project Number: 48326-001
Project Name: Northern Flood-Damaged Infrastructure Emergency Rehabilitation Project
Report Date:
Lesson
Projects with large numbers of subprojects require practical, streamlined disbursement mechanisms to ensure efficient financial monitoring and closure.

Project Number: 48326-001
Project Name: Northern Flood-Damaged Infrastructure Emergency Rehabilitation Project
Report Date:
Lesson
Community contracting not only generates local employment but also strengthens community capacities and ownership of projects.

Project Number: 48326-001
Project Name: Northern Flood-Damaged Infrastructure Emergency Rehabilitation Project
Report Date:
Lesson
An integrated reporting system is necessary for effective project performance monitoring.

Project Number: 48326-001
Project Name: Northern Flood-Damaged Infrastructure Emergency Rehabilitation Project
Report Date:
Lesson
Addressing in the project design the security and various other constraints inherent in fragile and conflict-affected situations (FCAS) is critical to the successful implementation of projects in such situations.

Project Number: 48326-001
Project Name: Northern Flood-Damaged Infrastructure Emergency Rehabilitation Project
Report Date:
Lesson
Advance actions, firm administrative follow-up, and close monitoring are critical in ensuring timely project startup.

Project Number: 48326-001
Project Name: Northern Flood-Damaged Infrastructure Emergency Rehabilitation Project
Report Date: