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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
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
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 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
Additional lesson: The TA cluster modality addressing many sectors (as in this project) can enable effective application of the “One ADB” concept with resident mission and HQ staff engaged.

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
Additional lesson provided by IRM during interdepartmental comments: Cluster TAs such as SIAP have long approval processes due to the need to obtain separate approvals from the Steering Committee as well as ADB management.

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
Additional lesson provided by IRM during interdepartmental comments: Providing TA support when projects are not in the Blue Book5 and counterparts have not issued commitment letters presents a unique risk that future TA interventions should mitigate.

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
As noted in the TCR self_x005F_x0002_assessment above, SIAP was instrumental in leveraging significantly more funding from ADB and the Government of Australia for SIAP2.

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
Additional lesson: Meaningful outcome indicators are consistently, plausibly, and directly linked to desired outcomes.

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
Additional lesson: Effective TA implementation to improve project readiness and strengthen policy advisory and capacity building can trigger a follow-on TA and new donor funding (as in this project).

Project Number: 46380-001
Project Name: Sustainable Infrastructure Assistance Program
Report Date:
Lesson
A robust research and consultation conducted during the project planning and design stage ensure that the outcomes, outputs, and TA project activities being proposed are not already being conducted by other donors or even by ADB. Evaluation of initiatives developed for roll-out in other regions where they have proven success supports them being adopted into the new region considering its own characteristics.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date:
Lesson
Agreed. Strong field office support helps to facilitate smooth and efficient project implementation and delivery.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date: