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Lesson
Closer coordination with PSOD at project preparation may have minimized unexpected developments in the preparation of the ensuing loan.

Project Number: 40552-012
Project Name: KazPost Financial Strengthening and Modernization
Report Date:
Lesson
During the TA’s implementation, which was to prepare an ensuing loan for PSOD, the resident mission should have obtained regular feedback from PSOD.

Project Number: 40552-012
Project Name: KazPost Financial Strengthening and Modernization
Report Date:
Lesson
The most critical aspect of the TA design was the development of a business plan and cash flow model. These addressed the concept clearance and initial due diligence processes of potential lenders.

Project Number: 40552-012
Project Name: KazPost Financial Strengthening and Modernization
Report Date:
Lesson
Kazpost was just one example of many unsuccessful ADB attempts in non-sovereign lending to Kazakhstan state owned enterprises from 2005–2010. The TA team (Central and West Asia Department/ Kazakhstan Resident Mission) and PSOD should have worked more closely in preparing the ensuing loan. Subsequently, enhanced collaboration of PSOD and Central and West Asia Department [was] further established, which resulted in the first loan to a state-owned enterprise, Samruk Energo, in 2017.

Project Number: 40552-012
Project Name: KazPost Financial Strengthening and Modernization
Report Date:
Lesson
The successful implementation of the TA may have been compromised by inadequacies in the preparation of the TA design, notably in the identification of required expertise and in the terms of reference for the consultants.

Project Number: 40552-012
Project Name: KazPost Financial Strengthening and Modernization
Report Date: