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CSV
Lesson
Early provision of technical assistance (TA) is essential to ensure that the policy actions supported by PBLs have sufficient depth and breadth and are sequenced in a manner that will enhance the PBLs’ value-addition to realizing the targeted reforms and sustaining the reform process. The TA attached to this PBL was appropriate and focused on areas that required ADB technical support because of limitations and constraints faced by the government.

Project Number: 52049-001, 52049-003
Project Name: Trade and Competitiveness Program – Subprograms 1 and 2
Report Date:
Lesson
Continued implementation of regular reform programs even under crisis situations demands a strong partnership between ADB and the government. This program continued and strengthened ADB’s support to improve the country’s macroeconomic performance under the Economic Stabilization Program initiated by the government in 2019. Sustained implementation of the program allowed the government to continue with policy reforms while fighting the pandemic.

Project Number: 52049-001, 52049-003
Project Name: Trade and Competitiveness Program – Subprograms 1 and 2
Report Date:
Lesson
The post-program partnership framework (P3F) provides a very effective platform for ensuring the continuity and sustainability of reforms put in place by policy-based loan (PBLs). It has provided ADB with a platform for monitoring the implementation of the reforms set into motion by this PBL and proved very effective in promoting the continuity and sustainability of reforms.

Project Number: 52049-001, 52049-003
Project Name: Trade and Competitiveness Program – Subprograms 1 and 2
Report Date:
Lesson
The COVID-19 pandemic response option (CPRO) is an effective model for channeling significant support to government to mitigate the impacts of a crisis.This program demonstrated how the CPRO provided a timely and effective means for channeling support to government in helping mitigate negative social, health, and economic impacts of a crisis.

Project Number: 54193-001
Project Name: COVID-19 Active Response and Expenditure Support Program
Report Date:
Lesson
A holistic approach to program design and formulation. The SPBL was developed in close consultation with the government and development partners, including the IMF and the World Bank, and it was designed through a holistic approach. The SPBL demonstrated that a comprehensive and holistic consultation process can ensure effective diagnosis of the issues, leading to a strong, relevant policy matrix that prioritizes reform measures and sets realistic timelines in collaboration with the development partners.

Project Number: 53247-001
Project Name: Economic Stabilization Program
Report Date:
Lesson
Implementation of reform agenda. Many public resource management reforms related to taxes or concessions, as in the SPBL, have political and economic implications and are often difficult to undertake without strong ownership. The SPBL implementation success resided in (i) a good understanding of the vested interests, (ii) the institutional capacity of government agencies, (iii) effective partnership and coordination between ADB and the government, and (iv) a strong sense of appreciation for the overall benefits of the program.

Project Number: 53247-001
Project Name: Economic Stabilization Program
Report Date:
Lesson
Focusing PSE reform programs or components thereof on selected demonstrations and bringing these demonstrations to conclusion can produce models on how companies could be liquidated, privatized, or restructured to boost performance.

Project Number: 48065-003
Project Name: Public Sector Enterprises Reform Program (Subprogram 2)
Report Date:
Lesson
A road map approach, which integrates intensive support for all the three triage groupings (liquidated, privatized, and retained and improved), agreed or urged in the 2013 IMF Extended Fund Facility and reiterated in 2019, and provides a much more targeted and politically sensitive communication strategy can help Pakistan gain headway in reforming its PSEs.

Project Number: 48065-003
Project Name: Public Sector Enterprises Reform Program (Subprogram 2)
Report Date:
Lesson
Incremental PSE governance reforms in Pakistan can be helpful, if layered on many others over a long period of time.

Project Number: 48065-003
Project Name: Public Sector Enterprises Reform Program (Subprogram 2)
Report Date:
Lesson
Supporting the most urgent and critical measures in reforming Pakistan's public sector enterprises (PSEs), agreed with government, may yield deeper results.

Project Number: 48065-003
Project Name: Public Sector Enterprises Reform Program (Subprogram 2)
Report Date:
Lesson
A well-matched policy-based loan and technical assistance is a promising approach that can enable the attainment of more ambitious and technically difficult reform results.

Project Number: 48065-003
Project Name: Public Sector Enterprises Reform Program (Subprogram 2)
Report Date:
Lesson
Beyond a broad road map, it may be beneficial to concentrate support on PSEs that have already demonstrated results or good performance.

Project Number: 48065-003
Project Name: Public Sector Enterprises Reform Program (Subprogram 2)
Report Date:
Lesson
The outcomes of policy-based loans could be improved by a more appropriate balance between the technical assistance amount provided to assist in implementing the reform agenda and the usually large element of loan finance provided to support adjustment costs.

Project Number: 48065-002
Project Name: Public Sector Enterprises Reform Program (Subprogram 1)
Report Date:
Lesson
Without a consensus on the objectives of enterprise reform, actions are often reversed by the next government, particularly in cases where significant staff redundancies take place.

Project Number: 48065-002
Project Name: Public Sector Enterprises Reform Program (Subprogram 1)
Report Date:
Lesson
Public sector enterprise reform programs are more likely to achieve sustainable results if they are guided by a clear statement of the vision and objectives of the reform efforts.

Project Number: 48065-002
Project Name: Public Sector Enterprises Reform Program (Subprogram 1)
Report Date:
CSV