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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 offers the following lesson: although TA design may identify a particular model of consultancy, these needs may evolve during the program requiring adjustment. In this case, in developing a model that responded to the needs of ACMF’s working group on corporate governance, the TA project shifted its approach since the regulators felt that an audit firm (rather than consultants) would lend more credibility and recognition to the validation exercise.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation offers the following lesson: keeping the stakeholders engaged through national interventions and securing sources of post-TA financial resources (unless the TA project was a project preparation TA) is important especially for capacity building TA projects, to ensure continuity and sustainability of the project.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees that cooperation and coordination, especially with other ADB departments, is important. This was a missed opportunity for this TA project. It is, however, not clear though why a visit to the People's Republic of China is required or recommended for the next ACMF TA.

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
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 has rephrased the recommendation into a lesson as follows: Providing adequate visibility to partners who have either financed the project or have special interest and stake in seeing its success is necessary to ensure their continued support.

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
This validation offers the following lesson: it is important to work and clearly communicate with ACMF and its working groups to get buy-in to the TA project. This is evident in how stakeholders noted their appreciation to this approach.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
During the finalization of this validation, SARC provided another lesson: Flagship knowledge products on a sector involving multiple countries can contribute to more effective planning and programming of regional interventions.

Project Number: 45396-001
Project Name: South Asia Economic Integration Partnership
Report Date:
Lesson
Despite issues associated with the RETA’s design and relevance, ADB was able to maintain operations in two countries. The lesson here observed that the focus on tangible benefits was able to maintain some momentum.

Project Number: 45396-001
Project Name: South Asia Economic Integration Partnership
Report Date:
Lesson
The TCR did not have a lesson for this criterion. However, during the finalization of this validation, the South Asia Regional Cooperation and Operations Coordination Division (SARC) provided this lesson: Implementing regional TAs is more complex and entails continued commitment and engagement of participating countries. A comprehensive risk analysis and appropriate mitigating measures should be in place and regularly updated throughout implementation to efficiently address issues that may come up.

Project Number: 45396-001
Project Name: South Asia Economic Integration Partnership
Report Date:
Lesson
This is a description of outputs and does not constitute a lesson. During the finalization of this validation, SARC provided another lesson: Partnership and working on related initiatives with donors and other ADB TAs promote leveraging of available financing to maximize results and enhance cross-learning.

Project Number: 45396-001
Project Name: South Asia Economic Integration Partnership
Report Date:
Lesson
Dissemination of knowledge products on ADB website is standard practice. This is not a lesson. Also, it is not clear whether the TA actively tracked whether these knowledge products were downloaded or accessed by external parties.

Project Number: 41613-012
Project Name: Integrated Renewable Energy Development
Report Date:
Lesson
Demonstrating the success of pilots can help governments to take further scaled up action.

Project Number: 41613-012
Project Name: Integrated Renewable Energy Development
Report Date: