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Lesson
Project-specific design and monitoring frameworks (DMFs) are vital to assessing the progress of each project/tranche in an MFF/investment program.

Project Number: 43439-023
Project Name: CAREC Corridor 2 (Mangystau Oblast Sections) Investment Program, Project 1
Report Date:
Lesson
Accuracy in economic viability analysis requires the analysis to be based solely on the project outcome accomplishments.

Project Number: 43439-023
Project Name: CAREC Corridor 2 (Mangystau Oblast Sections) Investment Program, Project 1
Report Date:
Lesson
Taking into consideration the exogenous factors that can influence the pace and timing of results is essential in setting realistic timetables.

Project Number: 43439-023
Project Name: CAREC Corridor 2 (Mangystau Oblast Sections) Investment Program, Project 1
Report Date:
Lesson
Adequate macroeconomic analysis and policy dialogue are essential to the sound formulation and quick mobilization of stakeholder support for an emergency economic response package under ADB's Countercylical Support Facility (CSF).

Project Number: 49083-001
Project Name: Countercyclical Support
Report Date:
Lesson
Instead of internally negotiating for the CSF loan to exceed the $500 million cap for each member country, an additional parallel programmatic support should have been explored by the project team to facilitate the quick processing and release of emergency budget support to Kazakhstan.

Project Number: 49083-002
Project Name: Countercyclical Support
Report Date:
Lesson
Engagement of highly qualified consultants and effective contract management significantly contribute to project success.

Project Number: 43439-023
Project Name: CAREC Corridor 2 (Mangystau Oblast Sections) Investment Program, Project 1
Report Date:
Lesson
Regular communication between ADB and the EA/IA enhances program/project implementation and delivery of results.

Project Number: 41121-023, 41121-033, 41121-013, 41121-043, 41121-053
Project Name: CAREC Transport Corridor I (Zhambyl Oblast Section) [Western Europe-Western People's Republic of China International Transit Corridor] Investment Program
Report Date:
Lesson
Well-prepared designs enable reliable cost estimates.

Project Number: 41121-023, 41121-033, 41121-013, 41121-043, 41121-053
Project Name: CAREC Transport Corridor I (Zhambyl Oblast Section) [Western Europe-Western People's Republic of China International Transit Corridor] Investment Program
Report Date:
Lesson
Taking into consideration all the factors that can influence the pace and timing of results is essential in setting realistic timetables.

Project Number: 41121-023, 41121-033, 41121-013, 41121-043, 41121-053
Project Name: CAREC Transport Corridor I (Zhambyl Oblast Section) [Western Europe-Western People's Republic of China International Transit Corridor] Investment Program
Report Date:
Lesson
Cofinancing and partner coordination improve the scope and effectiveness of development programs.

Project Number: 41121-023, 41121-033, 41121-013, 41121-043, 41121-053
Project Name: CAREC Transport Corridor I (Zhambyl Oblast Section) [Western Europe-Western People's Republic of China International Transit Corridor] Investment Program
Report Date:
Lesson
Maintenance depots, although a small component of the project, should have been vetted more closely. It could have avoided most of the issues that subsequently caused delays and completion of 3 out of 4 depots outside of the loan effectivity period.

Project Number: 41121-033
Project Name: CAREC Transport Corridor I (Zhambyl Oblast Section) [Western Europe–Western People's Republic of China International Transit Corridor] Investment Program (Tranche 2)
Report Date:
Lesson
No new lessons

Project Number: 44060-023
Project Name: Small and Medium Enterprise Investment Program Tranche 1
Report Date:
Lesson
The project experienced disbursement delays to SME (small and medium-sized enterprise) sub-borrowers, partly due to safeguard requirements. Significant support from the project team was required and signaled the need for PFIs to adopt a minimal ESMS (environment and social management system) to be able to meet categorization requirements. It also showed the importance of continuous dialogue, awareness raising, and capacity building, crucial to making safeguards an important consideration in the credit decision-making process and to the sustainability of the results.

Project Number: 44060-023
Project Name: Small and Medium Enterprise Investment Program - Tranche 1
Report Date:
Lesson
Finally, the DMF (design and monitoring framework) indicators were not appropriate to assess the overall effectiveness of ADB's intervention. The performance indicators should have been more accurate, better defined, and aligned with the stated impact and outcome. The indicators also did not measure improvements in the loan maturity for SME (small and medium-sized enterprise) loans in the PFIs' (participating financial institutions) portfolio, which was considered relevant for development impact.

Project Number: 44060-023
Project Name: Small and Medium Enterprise Investment Program - Tranche 1
Report Date:
Lesson
The overall objective of supporting SME (small and medium-sized enterprise) medium-term lending was only partially achieved. A key success factor lies in the selection of PFIs (participating financial institutions), which should be sustainable finance providers. The development of SME portfolios requires not only exceptional liquidity support at a time of liquidity squeezes, but also a strategic commitment and adequate capacity and technical expertise of PFI staff and their SME clients.

Project Number: 44060-023
Project Name: Small and Medium Enterprise Investment Program - Tranche 1
Report Date: