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Lesson
Early consultation with relevant ADB units is essential to ensure a well-rounded TA design and a robust monitoring framework. These units' expertise can significantly enhance TA effectiveness and impact. By collaborating with experts from these units during the design phase, the possibility of overlooking critical components that are vital for a successful TA could be avoided.

Project Number: 54344-001
Project Name: Supporting the Establishment of a CAREC Regional Infrastructure Projects Enabling Facility
Report Date:
Lesson
All the output and activity requirements to achieve planned outcomes need to be identified and mapped out in a clear implementation plan with well-defined targets and a definite timeframe. The original project design overlooked securing donor funding as a key output for establishing the Facility. The proposed timeline for stakeholder consultations was overly optimistic.

Project Number: 54344-001
Project Name: Supporting the Establishment of a CAREC Regional Infrastructure Projects Enabling Facility
Report Date:
Lesson
The plan to establish an enabling facility for regional infrastructure projects will benefit from an assessment of existing trust funds within ADB that support project preparation funding, such as the Project Preparation and Implementation Support Trust Fund. Analyzing the processes of their establishment and the challenges faced would have helped.

Project Number: 54344-001
Project Name: Supporting the Establishment of a CAREC Regional Infrastructure Projects Enabling Facility
Report Date:
Lesson
A separate budget for a fund-raising roadshow is essential to ensure the successful establishment of a funding facility. This should not have been neglected in the establishment of the CAREC Climate and Sustainability Project Preparatory Fund aimed for under this TA. Engaging with potential donors is a critical step in securing the necessary funding for the fund's operation.

Project Number: 54344-001
Project Name: Supporting the Establishment of a CAREC Regional Infrastructure Projects Enabling Facility
Report Date:
Lesson
A knowledge-sharing workshop in targeted beneficiary countries of a regional TA project could help strengthen the concept development of future such TA. This interactive approach offers several advantages, including: (i) Enhanced stakeholder engagement. A workshop focusing on the initial research findings would allow representatives from benefiting countries to participate actively from the outset. This would foster a sense of ownership and enhance buy-in for the initiative by ensuring stakeholders feel invested in its success. (ii) Improved needs identification.

Project Number: 54344-001
Project Name: Supporting the Establishment of a CAREC Regional Infrastructure Projects Enabling Facility
Report Date:
Lesson
Designation of an alternate TA team leader despite resource constraints is necesssary to ensure seamless project continuity and institutional knowledge transfer. It will also mitigate potential disruptions caused by staff turnover.

Project Number: 54344-001
Project Name: Supporting the Establishment of a CAREC Regional Infrastructure Projects Enabling Facility
Report Date:
Lesson
Close collaboration with Multilateral Investment Guarantee Agency (MIGA), International Development Association (IDA), and Department for International Development (DFID) strengthened project design. It allowed for excellent exchange of experience with regard to PRGs, other insurance products, and how they can best be used to fill market gaps, especially in post-conflict countries.

Project Number: 38598-013
Project Name: Afghanistan Investment Guarantee Facility Project
Report Date:
Lesson
The availability of bankable political risk guarantee (PRG) cover for risks that are within the power of the government to mitigate is important to investors and their financiers. However, such targeted cover cannot address concerns about security and macroeconomic stability.

Project Number: 38598-013
Project Name: Afghanistan Investment Guarantee Facility Project
Report Date:
Lesson
Modifications to project design, the monitoring framework, and the assessment methodology would help future projects using this or a similar PRG modality and projects that combine sovereign, nonsovereign and cofinancing operations. The assessment criteria did not easily accommodate the unique structure of the project or the modality used.

Project Number: 38598-013
Project Name: Afghanistan Investment Guarantee Facility Project
Report Date:
Lesson
The capacity of Afghanistan Investment Support Agency (AISA) to promote new investment in Afghanistan and the availability of PRG cover to support such investment was poor because of staff turnover and an inadequate incentive framework. This should have been anticipated and technical assistance could have looked at ways to address this problem.

Project Number: 38598-013
Project Name: Afghanistan Investment Guarantee Facility Project
Report Date:
Lesson
Responsibility for the project was spread out within ADB, causing coordination issues with MIGA and other cofinanciers. For future projects combining sovereign, nonsovereign, and cofinancing operations, having a single focal point within ADB would improve project implementation and prospects for success.

Project Number: 38598-013
Project Name: Afghanistan Investment Guarantee Facility Project
Report Date: