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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
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
Predicating a program on the passage of a law should be minimized unless there is strong ownership to pass the law from both the executive and the parliament. Relying on development partners to complete the reform (revision of a law) introduces a risk that performance targets will not be achieved. Development partners may have different priorities and timelines that do not necessarily coincide with the requirements of ADB’s program.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
A cross-cutting finance sector program covering financial stability, capital market development, and financial inclusion is viable only in the early stages of development. Initially, this type of engagement is useful for establishing relationships, building trust, and scoping key priority reforms. However, over time, a dedicated program focusing on one subsector or theme is preferable. This would enable ADB to perform comprehensive diagnostics to identify challenges in the subsector, followed by advisory and capacity building support to address these challenges.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
Financial stability and capital market development need to be coupled with reforms to increase access to financial services for the poor and thus maximize the economic impact of development. Reforms to increase financial inclusion should be holistic and require complementary reforms in financial literacy, consumer protection, and financial technology. Financial technology provides new opportunities to enhance access, but it also poses its own challenges.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
Establishing and equipping an integrated finance sector regulator requires sequenced steps, starting with legislation and encompassing measures to ensure legal and fiscal autonomy, as well as legal immunity for staff. A consolidated master plan with a robust monitoring and reporting framework can serve as an anchor to coordinate and prioritize reforms across the regulator. This is especially relevant for large regulators like OJK, where the risk of silo implementation is significant.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
As a member of G20 and an integral part of the ASEAN community, Indonesia has an important role to play on the international stage. Hence, national financial sector development should include international and regional considerations. This can be in the form of international requirements or regional standards such as ASEAN corporate governance and ASEAN green bonds standards. This builds the capacity to meet national development goals, the requirements of the international financial system, and regional development agendas.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
The delayed start of establishing EMIS (Education Management Information System) across model vocational schools prevented the adequate gathering of data throughout the project duration. Although an M&E specialist was also recruited to independently monitor and evaluate project activities, the project performance management system and specific measures for key output and outcome indicators were not all adequately developed. This makes it difficult to fully assess the progress of some indicators or the quality of outputs achieved.

Project Number: 33409-013
Project Name: Vocational Education Strengthening Project
Report Date:
Lesson
Since major project activities were managed by the schools themselves, a specific approach should have been designed to provide remedial support to relatively poor performing schools such as additional capacity development programs, especially in planning and management practices, monitoring and evaluation.

Project Number: 33409-013
Project Name: Vocational Education Strengthening Project
Report Date:
Lesson
Given the complexity of the project activities that were implemented across 90 model and 230 alliance schools throughout the nation, the project design could have considered more efficient implementation arrangements in procuring equipment for all the schools. The initial arrangement of central procurement through NCB (national competitive bidding) method turned out to be very time-consuming and less effective. More thorough due diligence for procurement arrangements would have facilitate smoother implementation of project activities at lower costs.

Project Number: 33409-013
Project Name: Vocational Education Strengthening Project
Report Date: