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Lesson
Taking into consideration all the factors that can influence the pace and timing of results is essential in setting realistic timetables.

Project Number: 41121-023, 41121-033, 41121-013, 41121-043, 41121-053
Project Name: CAREC Transport Corridor I (Zhambyl Oblast Section) [Western Europe-Western People's Republic of China International Transit Corridor] Investment Program
Report Date:
Lesson
No additional lessons

Project Number: 43110-013
Project Name: Republic of Fiji: Emergency Flood Recovery (Sector) Project
Report Date:
Lesson
Maintenance depots, although a small component of the project, should have been vetted more closely. It could have avoided most of the issues that subsequently caused delays and completion of 3 out of 4 depots outside of the loan effectivity period.

Project Number: 41121-033
Project Name: CAREC Transport Corridor I (Zhambyl Oblast Section) [Western Europe–Western People's Republic of China International Transit Corridor] Investment Program (Tranche 2)
Report Date:
Lesson
No new lessons

Project Number: 44060-023
Project Name: Small and Medium Enterprise Investment Program Tranche 1
Report Date:
Lesson
Project monitoring and reporting by the government were inadequate. ADB must ensure that mechanisms are in place for necessary data gathering and monitoring, and make sure that project covenants in this respect are complied with.

Project Number: 43110-013
Project Name: Emergency Flood Recovery (Sector) Project
Report Date:
Lesson
ADB and the executing and implementing agencies must ensure that adequately skilled and experienced consultants are fielded to provide the inputs required for effective project design and implementation. The report and recommendation of the president (RRP) explicitly noted that adequate consultant support would be particularly important for disbursements based on experience in emergency assistance projects in the Pacific when design, contracting, and supervision expertise had been insufficient.

Project Number: 43110-013
Project Name: Emergency Flood Recovery (Sector) Project
Report Date:
Lesson
ADB disaster response operations often involve executing and implementing agencies with capacity that is limited either inherently or due to the impacts of an emergency. This is particularly the case in countries such as Fiji where institutional capacity is often weak. The project inception report identified this as an issue facing the Ministry of Works, Transport, and Public Utilities (MWTPU), the main implementing agency for the project.

Project Number: 43110-013
Project Name: Emergency Flood Recovery (Sector) Project
Report Date:
Lesson
The consultant supervision costs were the responsibility of the executing agency. As was previously noted, the delays in civil works resulted in increasing consultant supervision costs and the executing agency decided to terminate the consultants and recruit individual consultants. The consultants were paid by the executing agency and the change was made over ADB's objections.

Project Number: 28261-023
Project Name: Third Road Upgrading (Sector) Project
Report Date:
Lesson
A lack of data and documentation was noted throughout project implementation. The project procurement-related audit noted this, and, as determined by the project completion review mission, data is unavailable within the executing agency. For example, there are no traffic counts after 2009, only two benefit monitoring evaluation reports were available, and the project completion report lacks important information. ADB needs to ensure during project implementation that data requested is provided by the executing agency.

Project Number: 28261-023
Project Name: Third Road Upgrading (Sector) Project
Report Date:
Lesson
One of the contracts issued that was declared misprocured by ADB because the bidder failed to meet minimum post-qualification financial threshold requirements, and which was then paid for by the executing agency, was completed successfully and within budget by the national company. That work was of high quality.

Project Number: 28261-023
Project Name: Third Road Upgrading (Sector) Project
Report Date:
Lesson
The project experienced disbursement delays to SME (small and medium-sized enterprise) sub-borrowers, partly due to safeguard requirements. Significant support from the project team was required and signaled the need for PFIs to adopt a minimal ESMS (environment and social management system) to be able to meet categorization requirements. It also showed the importance of continuous dialogue, awareness raising, and capacity building, crucial to making safeguards an important consideration in the credit decision-making process and to the sustainability of the results.

Project Number: 44060-023
Project Name: Small and Medium Enterprise Investment Program - Tranche 1
Report Date:
Lesson
Finally, the DMF (design and monitoring framework) indicators were not appropriate to assess the overall effectiveness of ADB's intervention. The performance indicators should have been more accurate, better defined, and aligned with the stated impact and outcome. The indicators also did not measure improvements in the loan maturity for SME (small and medium-sized enterprise) loans in the PFIs' (participating financial institutions) portfolio, which was considered relevant for development impact.

Project Number: 44060-023
Project Name: Small and Medium Enterprise Investment Program - Tranche 1
Report Date:
Lesson
The overall objective of supporting SME (small and medium-sized enterprise) medium-term lending was only partially achieved. A key success factor lies in the selection of PFIs (participating financial institutions), which should be sustainable finance providers. The development of SME portfolios requires not only exceptional liquidity support at a time of liquidity squeezes, but also a strategic commitment and adequate capacity and technical expertise of PFI staff and their SME clients.

Project Number: 44060-023
Project Name: Small and Medium Enterprise Investment Program - Tranche 1
Report Date:
Lesson
Up-front disbursement to the PFIs (participating financial institutions) of the entire loan amount was required by the funding mechanism used for the tranche. While this helped avoid problems in the financing of subprojects, it also limited the option to reward better-performing PFIs. In this case, the only available incentive mechanism was participation in future tranches under the MFF (multitranche financing facility).

Project Number: 44060-023
Project Name: Small and Medium Enterprise Investment Program - Tranche 1
Report Date:
Lesson
Damu charged a uniform margin to all PFIs (participating financial institutions). In line with the government's intention that Damu function effectively on a self-sufficient basis, Damu should have priced its loans to PFIs according to risk. This intention was limited both by the project's design and by Damu's capacity. A minor change in the MFF (multitranche financing facility) has given Damu the flexibility to charge market-based margins to improve its sustainability and reward better-performing PFIs.

Project Number: 44060-023
Project Name: Small and Medium Enterprise Investment Program - Tranche 1
Report Date: