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Lesson
Focusing on downstream engagement in select areas through sector development programs and project investments could help unlock structural bottlenecks in service delivery at the local level. This would require follow-on collaboration with various sector teams, such as in agriculture, trade, information technology, health, education, energy, urban, and climate solutions. In other words, building on policies, laws, and institutional capacity to improve service delivery and overall client experience.

Project Number: 52225-001, 52225-002, 52225-003, 52225-004
Project Name: Promoting Economic Diversification Program (Subprograms 1, 2 and 3)
Report Date:
Lesson
ADB’s close engagement with governments and close collaboration with development partners are beneficial for the design and implementation of countercyclical crisis response programs. ADB’s continuous policy dialogue with the government contributed to the government’s response strategy and development financing plan. The resulting close alignment also enhanced the program's design and facilitated its smooth implementation.

Project Number: 56150-001
Project Name: Building Resilience with Active Countercyclical Expenditures Program
Report Date:
Lesson
It is crucial to systemize the collection and dissemination of gender-disaggregated data to facilitate the conduct of gender analysis and mitigate women’s vulnerability through more effective targeting of state resource allocation. A substantial number of performance indicators under this program had specific gender targets, which ensured that the government delivered on its commitment to gender equity and gender action plans. This is important because women are usually disproportionately affected by the impacts of crises.

Project Number: 56150-001
Project Name: Building Resilience with Active Countercyclical Expenditures Program
Report Date:
Lesson
ADB has become more proactive in handling crises and providing support to its developing member countries (DMCs) by delivering emergency assistance. The process was defined further after the COVID-19 pandemic, allowing governments of DMCs to access and implement emergency programs smoothly and allowing ADB to provide resources more effectively and efficiently. The monitoring and reporting mechanism employed for collecting data was also streamlined and became more user-friendly after the experience with the COVID-19 Pandemic Response Option.

Project Number: 56150-001
Project Name: Building Resilience with Active Countercyclical Expenditures Program
Report Date:
Lesson
The success of the government anti-crisis plan in terms of maintaining economic growth and protecting vulnerable groups validated the effectiveness of the government’s approach. The highly pro-poor, socially inclusive measures proved successful in achieving the government’s goal to protect vulnerable populations, ensure food security and price stability, and preserve jobs.

Project Number: 56150-001
Project Name: Building Resilience with Active Countercyclical Expenditures Program
Report Date:
Lesson
Fiscal reform, pensions, and capital markets reforms are inextricably linked, because of the role each plays in economic development. Subprogram 2 supported the development and approval of the Capital Market Development Strategy, 2022–2028 by government decree, which includes a commitment to develop a green bond framework. This provides a strong basis from which to develop a broader integrated program to support not just fiscal resilience but also further capital market reforms in conjunction with the Finance Sector Office.

Project Number: 54271-001, 54271-002
Project Name: Fiscal Resilience and Social Protection Support Program (Subprograms 1 and 2)
Report Date:
Lesson
Well planned and logically sequenced policy actions are crucial to maximizing impact of reform programs and ensuring the sustainability of reforms.

Project Number: 54271-001, 54271-002
Project Name: Fiscal Resilience and Social Protection Support Program (Subprograms 1 and 2)
Report Date:
Lesson
It might be useful to develop a climate finance strategy for the state-owned enterprises(SOE) sector, building on the experience and lessons from this program's. Assessment of the fiscal risks associated with climate change was incorporated into subprogram 2. This highlights the significant role SOEs can play in addressing climate change impacts and supporting the countries climate obligations. Given this, it might be useful to establish a climate finance strategy for the SOE sector, building on the experience and lessons from this program.

Project Number: 54271-001, 54271-002
Project Name: Fiscal Resilience and Social Protection Support Program (Subprograms 1 and 2)
Report Date:
Lesson
It is imperative for SOEs to develop good corporate governance and maintain an arm's length relationship with government, regardless of whether it is a commercial or noncommercial SOE. Some of the policy actions under this program were designed to improve the government's performance of its SOE ownership function. However, in addition to these policy actions, it is imperative for SOEs to proactively promote good corporate governance and develop functional autonomy from the government.

Project Number: 54271-001, 54271-002
Project Name: Fiscal Resilience and Social Protection Support Program (Subprograms 1 and 2)
Report Date:
Lesson
Additional measures are necessary for the government securities market to stimulate demand from both retail and institutional investors. The program had several supply-based reforms, particularly around the primary dealer system and government bonds; however, turnover velocity was below the target, particularly for the secondary market relating to government securities. This would suggest that additional demand-based measures are as of December 2023 required for the government securities market to stimulate demand from both retail and institutional investors.

Project Number: 54271-001, 54271-002
Project Name: Fiscal Resilience and Social Protection Support Program (Subprograms 1 and 2)
Report Date:
Lesson
The development of a firm sector investment plan supports successful project implementation. The sector plan, covering the short-, medium- and long-term horizons, helps avoid overlaps of projects that may result in scope changes which could adversely affect the project implementation timeline, funding and cost, and loan utilization. Such an investment plan commits the government to a definite set of projects in the sector that allows for a stable implementation of social and environmental safeguards.

Project Number: 42414-043
Project Name: Sustainable Urban Transport Investment Program - Tranche 3
Report Date:
Lesson
Sufficient and careful risk assessment during the project’s appraisal phase is critical to mitigating any implementation risk since any potential change could hamper the project’s envisaged outcome.

Project Number: 42414-023
Project Name: Sustainable Urban Transport Investment Program - Tranche 1
Report Date:
Lesson
Clearly defined project implementation plans for multitranche financing facility (MFF) tranches along with a well-formulated design and monitoring framework (DMF) enhance the quality of the project’s implementation plans and support the achievement of the intended results. Specifically, developing clear and logical performance indicators, baseline targets, and timelines can benefit the project’s performance and accountability which facilitates better assessment of the project’s achievements.

Project Number: 42414-023
Project Name: Sustainable Urban Transport Investment Program - Tranche 1
Report Date:
Lesson
The direct link between an output and outcome indicator has to be evident and any scope change affecting the output has to be assessed as this relates to the envisaged outcome target. Cancellation of a subproject during implementation could trigger a revisit of the related outcome indicators at midterm review.

Project Number: 42414-013, 42414-045
Project Name: Sustainable Urban Transport Investment Program (Tranche 5 and Multitranche Financing Facility)
Report Date:
Lesson
Thorough preparation of reliable and accurate cost estimates for each subproject is critical to help project implementation. Possible cost changes during implementation need to be kept within the acceptable threshold level and cost contingencies. Substantial cost overrun may lead to cancellation of critical project components.

Project Number: 42414-013, 42414-045
Project Name: Sustainable Urban Transport Investment Program (Tranche 5 and Multitranche Financing Facility)
Report Date: