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Lesson
It is important that the TA is appropriately designed to support the delivery of expected outputs and that it is implemented in a timely manner. The program demonstrated the role of a well-designed TA in supporting completion of reforms across the three subprograms and building capacity of the implementing agency. It is also essential that the timing of activities is aligned with the sequencing of policy actions so as not to undermine the achievement of outputs.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
The continuous longer-term involvement of the same mission leader and other qualified ADB staff from the design stage until the end of implementation of the three subprograms is important to the success of this program. Familiarity with local institutional challenges and personnel in the government is important for a complex reform program such as this one to achieve progress.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
The importance of a comprehensive strategic framework that broadens and deepens financial inclusion based on robust diagnostics and analytical work. The rationale for reform and policy actions are to be drawn from these diagnostics, and actions are prioritized and sequenced in addressing the constraints and bottlenecks. Regulatory constraints, institutional capacity limitations, deficiencies in technology infrastructure, and extent of financial literacy need to be clearly identified and assessed based on the analytical work.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
A continuous feedback cycle is vital to ensuring that lessons learned from program/project implementation are used in the design of similar interventions.

Project Number: 49080-001
Project Name: Electricity Grid Strengthening—Sumatra Program
Report Date:
Lesson
Aligning RBL program results frameworks with EA/IA corporate targets encourage the attainment of program targets.

Project Number: 49080-001
Project Name: Electricity Grid Strengthening—Sumatra Program
Report Date:
Lesson
The results-based lending (RBL) modality is effective in strengthening the institutional capacity and improving the performance of project executing and implementing agencies (EAs/IAs).

Project Number: 49080-001
Project Name: Electricity Grid Strengthening—Sumatra Program
Report Date:
Lesson
There is scope for improving compliance to safeguards under the RBL modality.

Project Number: 49080-001
Project Name: Electricity Grid Strengthening—Sumatra Program
Report Date:
Lesson
RBL is well suited to large power systems where demand and the technology available can change within a short time.

Project Number: 49080-001
Project Name: Electricity Grid Strengthening—Sumatra Program
Report Date:
Lesson
Monitoring of RBL programs should include all associated interventions that could impact their implementation.

Project Number: 49080-001
Project Name: Electricity Grid Strengthening—Sumatra Program
Report Date:
Lesson
It is important for DLI targets to be realistic and not defenseless against external factors.

Project Number: 49080-001
Project Name: Electricity Grid Strengthening—Sumatra Program
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
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 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
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: