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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
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. Another useful lesson is the importance of involving clients in a hands-on manner to build a technical product and ensure the transfer of technical expertise, and the subsequent adoption or uptake

Project Number: 47146-001
Project Name: Macroeconomic Modelling for Improved Economic Assessment
Report Date:
Lesson
TCR did not include a lesson for this criterion, however, a relevant lesson can be found in the Follow_x005F_x0002_up Actions section: “To build upon the achievements of the project, a new KSTA [knowledge and support technical assistance] on Deepening Understanding of Macroeconomic Fluctuations in Developing Member Countries for Improved Economic Assessment was approved on 21 June 2018 to further deepen understanding of macroeconomic fluctuations in DMCs for improved economic assessment.

Project Number: 47146-001
Project Name: Macroeconomic Modelling for Improved Economic Assessment
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:
Lesson
Another lesson relating to the TA is the selection of appropriate design and monitoring framework indicators that pertain to the effective utilization of knowledge products. Since the main outputs of regional capacity development TAs are knowledge products, monitoring the extent of utilization or uptake of the knowledge products produced within and/or outside ADB would benefit from user surveys or interviews. These surveys and interviews can help provide insights into how the knowledge products have benefited their users.

Project Number: 47146-001
Project Name: Macroeconomic Modelling for Improved Economic Assessment
Report Date:
Lesson
Agreed. A useful lesson is the importance of partnerships with the client to ensure buy-in and follow through, and to tailor to additional capacity building demands from the DMCs

Project Number: 47146-001
Project Name: Macroeconomic Modelling for Improved Economic Assessment
Report Date:
Lesson
There is a need for careful planning in the context of an exploratory TA, such as this one, to allow for timely delivery of outputs while ensuring process and cost efficiency

Project Number: 47146-001
Project Name: Macroeconomic Modelling for Improved Economic Assessment
Report Date:
Lesson
In the TCR’s Conduct of Activities section, it mentioned: “The nowcasting study featuring Indonesia was completed and published in the ADB Economics Working Paper series in December 2015 and in Empirical Economics journal in June 2017. This tool has been used regularly by the Indonesia Resident Mission to support their growth forecasts since 2016 and has also been shared to the Fiscal Policy Agency of the Ministry of Finance and Ministry of National Development Planning of the Republic of Indonesia to enrich their suite of tools for conducting macroeconomic monitoring.

Project Number: 47146-001
Project Name: Macroeconomic Modelling for Improved Economic Assessment
Report Date:
Lesson
Leveraging the borrower and executing agencies’ capacities is critical for an effective response to post-emergency and disaster situation. Post-disaster recovery requires strong institutions developed through staff trainings on managerial, technical, and administrative aspects. Enhanced capacity of agencies is crucial to better manage financing and to maintain project outputs. Thus, strengthening their capacities on the ground needs to be built early on to help enhance their responsiveness during post-disaster recovery periods.

Project Number: 46009-001
Project Name: Flood Damage Emergency Reconstruction Project and Additional Financing
Report Date:
Lesson
Determining the appropriate flexibility, in project design and institutional arrangements, facilitates smooth implementation of an emergency assistance project. For example, ascertaining the extent of flexibility on procurement procedures, including the use of consultants and financing guidelines for government agencies, are vital considerations in a post-disaster reconstruction project. This is important especially when multiple government ministries and implementing agencies are involved in the implementation of key infrastructure components.

Project Number: 46009-001
Project Name: Flood Damage Emergency Reconstruction Project and Additional Financing
Report Date: