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Lesson
The process of translating drafts of the Law on the Securities Market from English into Russian and back into English affected its readability in English. Achieving a reasonable and consistent standard of translation into both Russian and English remained a problem. Once the final version of the draft law has been adopted, it would be desirable if an official English translation could be produced for the benefit of ADB, foreign investors, and other interested parties.

Project Number: 34172-013
Project Name: Banking Sector and Capital Market Development Program
Report Date:
Lesson
The ownership and rationale of policy reforms should be carefully assessed at appraisal. In assessing ownership, it is important to remember that policy actions affect many stakeholders, even within the government. In this case, the legislative branch was not enthusiastic about adopting complex new laws pertaining to the regulation of capital markets that would then be interpreted by agencies outside their direct control.

Project Number: 34172-013
Project Name: Banking Sector and Capital Market Development Program
Report Date:
Lesson
Implementation of the program demonstrated that consistent government support is critical to success. The effective implementation of the banking sector component is attributable to the National Bank of the Kyrgyz Republic's (NBKR) strong commitment and ownership of the proposed reforms. In contrast, the capital market component lacked a clear champion as a result of political developments. Therefore, despite intensive policy dialogue, and awareness and capacity-building efforts, the pace of reforms did not proceed as well as anticipated.

Project Number: 34172-013
Project Name: Banking Sector and Capital Market Development Program
Report Date:
Lesson
Improving the quality of the feasibility study will minimize uncertainty in identifying subprojects and lead to more precise cost estimates. When subproject cost estimates are uncertain, adequate physical contingencies should be provided in sector projects to mitigate against potential cost overruns.

Project Number: 31197-013
Project Name: Community-Based Infrastructure Services Sector Project
Report Date:
Lesson
Community-based organizations should be provided basic operation and maintenance kits to ensure sustainability of project activities.

Project Number: 31197-013
Project Name: Community-Based Infrastructure Services Sector Project
Report Date:
Lesson
Given that the idea of community-based preschools was innovative for the country, sufficient time should be given for a legal and regulatory framework to be established to adequately serve preschool educational services at the community level.

Project Number: 32143-013
Project Name: Community-Based Early Childhood Development Project
Report Date:
Lesson
If there are many small subprojects, the sector project modality should be adopted only with an executing agency having strong implementation capacity.

Project Number: 31197-013
Project Name: Community-Based Infrastructure Services Sector Project
Report Date:
Lesson
Community-based projects should be implemented with more involvement of local administrations than of just the central government.

Project Number: 31197-013
Project Name: Community-Based Infrastructure Services Sector Project
Report Date:
Lesson
Implementing a project in a new field, especially in a dynamically changing transition economy, requires flexibility on the part of both the government and ADB. Willingness to adjust the project's design to a new environment or new findings and acceptance of extra time required for the adjustments is essential. To be successful, the project must also be transparent to receive support from local governments and communities.

Project Number: 32143-013
Project Name: Community-Based Early Childhood Development Project
Report Date:
Lesson
The introduction of in-kind beneficiaries' contributions should be carefully evaluated in projects where the works are done by contractors and not by the communities themselves.

Project Number: 31197-013
Project Name: Community-Based Infrastructure Services Sector Project
Report Date:
Lesson
As the project proved, communities are powerful agents for designing and implementing projects that they themselves benefit from. Those community developed projects are likely to be sustainable.

Project Number: 32143-013
Project Name: Community-Based Early Childhood Development Project
Report Date:
Lesson
Community participation in all stages of implementation, from identification to design to construction processes, is critical for the success of investments.

Project Number: 31197-013
Project Name: Community-Based Infrastructure Services Sector Project
Report Date:
Lesson
A multisector project requires a strong executing agency that can coordinate multiple implementing agencies. Major reforms also require strong leadership from the executing agency. The Administration of the President of the Kyrgyz Republic as the executing agency contributed enormously to the project's success despite the major regime change in the middle of project implementation.

Project Number: 32143-013
Project Name: Community-Based Early Childhood Development Project
Report Date:
Lesson
Procurement problems can be reduced by introducing prior review of procurement documents. In a sector project with many small subprojects, contracts should be grouped into larger packages to reduce the number of civil works contacts. This will help the PMUs as well as ADB to concentrate more effectively on fewer contracts. Use of clear and stringent evaluation and qualification criteria in selection of contractors should be mandatory, and establishing consortia of contractors should be encouraged.

Project Number: 31197-013
Project Name: Community-Based Infrastructure Services Sector Project
Report Date:
Lesson
Establishing a joint project management unit at sector level can be a more efficient and cost-effective solution and help ensure a harmonized approach among the financing institutions.

Project Number: 31197-013
Project Name: Community-Based Infrastructure Services Sector Project
Report Date: