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Lesson
A long list, covering all possible risks, needs to be considered in developing the risk monitoring framework. This is essential to ensure the monitoring toolkit is replicable for implementation in any other toll road projects. Development of institutional knowledge on the toll road sector is also deemed necessary for successful replication of this TA.

Project Number: 54396-001
Project Name: Trans Sumatra Toll Road Risk Monitoring
Report Date:
Lesson
Knowledge sharing and capacity building through workshops facilitate better understanding of stakeholder capacity and capacity building needs.

Project Number: 54396-001
Project Name: Trans Sumatra Toll Road Risk Monitoring
Report Date:
Lesson
It is imperative to include the resident mission staff into the TA team to facilitate seamless coordination with TA counterparts throughout processing and implementation, especially across different agencies. Such coordination was effective during processing, but it became less so in the later stage of implementation.

Project Number: 54396-001
Project Name: Trans Sumatra Toll Road Risk Monitoring
Report Date:
Lesson
Inappropriate stakeholder selection can create complications and challenges during implementation. The main issue during implementation is that the executing agency is not the owner of the toll road project, placing it in an unsuitable position to lead in identifying the sections for financing. Although revising the implementation arrangement by involving DGH as the implementing agency was a measure taken to address the issue, it turned out not to be sufficient.

Project Number: 54396-001
Project Name: Trans Sumatra Toll Road Risk Monitoring
Report Date:
Lesson
The identification of appropriate executing agency and implementing agency is essential for achieving the intended outcome and output targets. In this project, the Directorate General of Highways (DGH) should have been involved and appointed as the lead agency in identifying suitable sections for financing.

Project Number: 54396-001
Project Name: Trans Sumatra Toll Road Risk Monitoring
Report Date:
Lesson
Post-publication knowledge sharing events are critical for the dissemination of knowledge generated by TA projects. Involvement of industry resource persons has value addition. Utilizing various platforms including social media will maximize knowledge sharing and dissemination.

Project Number: 55319-001
Project Name: Southeast Asia Aviation: COVID-19 Impact and Short-term Strategy
Report Date:
Lesson
Careful selection of competent experts and close consultant monitoring and coordination is essential to ensure the quality of TA outputs. As the two consultants engaged by this TA needed to work on separate topics to deliver one report, close monitoring and coordination by the ADB team proved critical to the timely attainment of consultant deliverables. Regular meetings were conducted to oversee progress, give guidance, avoid preventive abortive work, and deliver quality outputs.

Project Number: 55319-001
Project Name: Southeast Asia Aviation: COVID-19 Impact and Short-term Strategy
Report Date:
Lesson
For TA requiring knowledge product publication, the Department of Communication and Knowledge Management, ADB needs to be consulted early in TA implementation. This would have helped prevent TA implementation period to be extended by 8 months partly to ensure the quality of the knowledge product.

Project Number: 55319-001
Project Name: Southeast Asia Aviation: COVID-19 Impact and Short-term Strategy
Report Date:
Lesson
Close engagement with government agencies is essential and so is partnership with subregional governmental cooperation organizations such as the Association of Southeast Asian Nations (ASEAN). The TA was initiated to assist DMCs’ aviation sector recovery from the global crisis. Due to the urgent need, there was inadequate engagement with stakeholders during the design and planning phase. Specifically, there was less public sector involvement compared to private sector.

Project Number: 55319-001
Project Name: Southeast Asia Aviation: COVID-19 Impact and Short-term Strategy
Report Date:
Lesson
It is recommended that future TAs in the finance sector focus on specific subsectors or specific themes. This focused approach will enable comprehensive diagnostic assessment as well as adequate resources to address the biggest constraints in the sector or area. This approach will also benefit the government as they can design and implement sequenced reforms in a sector. Focus could also be on cross-cutting themes like financial inclusion.

Project Number: 45396-001
Project Name: Enhancing the Regulatory Framework of Financial Sector Development and Oversight
Report Date:
Lesson
Implementation of TA activities in the finance sector should actively engage the private sector so that the policies developed by MOF and OJK are relevant and effective. A good example is the diagnosis of tax neutrality for the Islamic capital market, which included significant consultation with issuers, legal and tax experts, banks and capital market intermediaries. This feature is a good practice and should be replicated in other TAs.

Project Number: 45396-001
Project Name: Enhancing the Regulatory Framework of Financial Sector Development and Oversight
Report Date:
Lesson
This TA, however, missed the opportunity to capture knowledge adequately. Implementation experience in activities like the development of municipal bonds at the subnational government level could have been an interesting subject for knowledge products shared with other countries.

Project Number: 45396-001
Project Name: Enhancing the Regulatory Framework of Financial Sector Development and Oversight
Report Date:
Lesson
Learning from experiences of other countries is important for knowledge building, so ADB member countries can learn from each other. This TA supported tax neutrality for the Islamic capital market as experience in Malaysia showed that this is one of the building blocks for development of Islamic finance.

Project Number: 45396-001
Project Name: Enhancing the Regulatory Framework of Financial Sector Development and Oversight
Report Date:
Lesson
There is often a time lag between the design and implementation phases of a TA. Therefore, it is important for TAs to be implemented with adequate flexibility to address the needs of the executing and implementing agency, which may evolve during the implementation period. While it is desirable to consider the selection, method designed in the TA, minor changes in implementation arrangements should be allowed, particularly at the latter stages of TA implementation.

Project Number: 45396-001
Project Name: Enhancing the Regulatory Framework of Financial Sector Development and Oversight
Report Date:
Lesson
Consultation with development partners is also important to increase synergy and reduce duplication. This was an aspect of the TA design that could have been improved as some activities proposed overlapped with those supported by other development partners (FKSSK action plan and branchless banking workshops).Resources for these activities were reallocated to other equally important activities that contributed to the outcome during the implementation stage.

Project Number: 45396-001
Project Name: Enhancing the Regulatory Framework of Financial Sector Development and Oversight
Report Date: