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Lesson
Appropriate scoping of DNA is a critical element in planning a rehabilitation project. This could be enhanced through collaborative engagement of all key stakeholders during the conduct of reconnaissance and rapid assessment. For example, appropriate technical guidance in the preparation and conduct of DNA, taking into account the managerial and operational skills and institutional capacities of the concerned agencies, could promote a more streamlined implementation of project activities.

Project Number: 48326-001
Project Name: Northern Flood-Damaged Infrastructure Emergency Rehabilitation Project
Report Date:
Lesson
Utilizing executing and implementing agencies with prior experience of ADB-assisted projects, helps strengthen the support for an emergency assistance project. Their experience with the established procedures could facilitate preparatory activities for an emergency assistance. For instance, competent technical staff from these agencies could be readily mobilized and rapidly deployed during the conduct of disaster project reconnaissance and preparation missions.

Project Number: 48326-001
Project Name: Northern Flood-Damaged Infrastructure Emergency Rehabilitation Project
Report Date:
Lesson
Providing a degree of flexibility in the scope and output targets during the preparation of emergency assistance projects could help in the attainment of project results. Often, greater emphasis is made to facilitate project formulation and get activities going on the ground as expeditiously as possible, usually within three months from the occurrence of a disaster. Under such circumstances, however, it is difficult to be precise as to what actually needs to be done.

Project Number: 48326-001
Project Name: Northern Flood-Damaged Infrastructure Emergency Rehabilitation Project
Report Date:
Lesson
This validation offers the following lesson: it is important to work and clearly communicate with ACMF and its working groups to get buy-in to the TA project. This is evident in how stakeholders noted their appreciation to this approach.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation offers the following lesson: keeping the stakeholders engaged through national interventions and securing sources of post-TA financial resources (unless the TA project was a project preparation TA) is important especially for capacity building TA projects, to ensure continuity and sustainability of the project.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
Identifying critical risks and assumptions are an important element of design. However, design could also usefully identify mechanisms to mitigate these risks.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees with the lesson of building awareness for the work done under the TA project. However, it is unclear why awareness-building beyond ASEAN is required for this TA project. One can surmise that it could be for the goals of attracting capital. However, the role of partnership with foreign academic institutions is unclear beyond the publication of potential knowledge products. This lesson or recommendation should then be classified under partnership and cofinancing.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees with the recommendation and rephrases this as a lesson: Partnering with operational projects within ADB is an important step in ensuring that other DMCs outside ASEAN can develop their capital markets and improve governance standards of publicly listed companies.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
Drawing on lessons from similar previous TA projects can help in robust design that is responsive to DMC needs, isrealistic, and adopts best practice. This could help to get greater stakeholder engagement in complex processes such as regional capital market integration.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation offers the following lesson: although TA design may identify a particular model of consultancy, these needs may evolve during the program requiring adjustment. In this case, in developing a model that responded to the needs of ACMF’s working group on corporate governance, the TA project shifted its approach since the regulators felt that an audit firm (rather than consultants) would lend more credibility and recognition to the validation exercise.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation has rephrased the recommendation into a lesson as follows: Providing adequate visibility to partners who have either financed the project or have special interest and stake in seeing its success is necessary to ensure their continued support.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees that cooperation and coordination, especially with other ADB departments, is important. This was a missed opportunity for this TA project. It is, however, not clear though why a visit to the People's Republic of China is required or recommended for the next ACMF TA.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
A better understanding of the institutional capacity and security risks in fragile and conflict-affected countries is essential to ensure project preparedness. Major changes in scope and implementation delays, including possible cancellations, are expected. Project processing can take more time as a result of unanticipated security concerns in post-conflict situations, frequent changes of government counterparts, and a lack of response from executing agencies. Building capacities and strengthening institutions is essential.

Project Number: 42094-032
Project Name: Energy Sector Development Investment Program—Tranche 2
Report Date:
Lesson
There is a need for a better computation of costs at appraisal along with the inclusion of realistic contingencies, especially in areas with high security risks. Accurate cost estimates, particularly at appraisal, help minimize adjustments and revisions during implementation. ADB needs to undertake better duediligence of the project cost estimates at appraisal and a more realistic assessment of existing public procurement regulations. The possible inclusion of add-on security risk costs helps minimize cost overruns and poor project results.

Project Number: 42094-032
Project Name: Energy Sector Development Investment Program—Tranche 2
Report Date:
Lesson
Agreed. A useful lesson is the importance of partnering with other knowledge institutions to tap expertise and efficiently use financial resources.

Project Number: 47146-001
Project Name: Macroeconomic Modelling for Improved Economic Assessment
Report Date: