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Lesson
Engaging an international firm with extensive experience proved to be the best option for this TA which focused on a complex and highly specialized topic. Nevertheless,there will always be an indispensable need for national perspectives and experiences, best provided by national consultants, to inform and be considered in TA analyses and recommendations. Future TA could benefit from increased engagement with local experts, either as individual consultants or as subcontracted members of international consulting firms or TA implementation teams.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
Greater invovement from resident missions (RMs), e.g., by designating RM staff to regional TA teams, is important to ensure that potential solutions identified through analytical work are translated into tangible projects. Conversely, team members of regional TAs may also be involved in country programming.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
Joint activities with development partners (DPs), such as collaboration in knowledge products and joint conduct of capacity-building activities, could maximize synergies and resources further. These could build on close coordination and relationships developed by this project among CAREC countries, as well with DPs which the project team strengthened through regular communication and information exchange, and by inviting the DPs to TA workshops and consultation meetings.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
Virtual workshops are not as effective, particularly where new and complex concepts have to be discussed. This was demonstrated by the TA experience under COVID-19 that restricted in-person meetings and workshops for over 2 years.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
Cofinancing expands possible project activities and outputs. Cofinancing from the Financial Sector Development Partnership Special Fund (FSDPSF) for this project allowed a more comprehensive set of deliverables and activities under outputs 1, 3, and 4. It provided flexibility in the use of resources, as FSDPSF beneficiaries are not differentiated according to country categories.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
It will be essential to find a balance in future TA projects between continuing support for the whole region and having activities and outputs focus on a subset of countries to allow for more granularity in analyses and deeper engagements. This was the first TA for the Central Asia Regional Economic Cooperation (CAREC) in the field of disaster risk financing (DRF), and as such, was designed to cover all 11 CAREC countries.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
The appointment of TA country focals is critical for sustained coordination and to ensure that TA activities remain relevant and responsive to each of the countries' priorities and needs. But in this case, the nature of TA activities required the involvement of other government agencies in each country, such as the ministries of emergency situations, and in particular, the ministries of finance and the ministries of health. Increased engagement with RMs and national experts will be useful to ensure intersectoral coordination in subsequent TAs in this field.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
English and Russian language TA publications increased the visibility of project activities and this may be replicated in future similar projects. Video tutorials on a CAREC Disaster Risk Modelling Interface (DRMI), an interactive online platform, was particularly helpful in allowing country stakeholders to visualize their risk profiles, perform high-level cost-benefit analyses of implementing disaster risk reduction measures, and quantify risk transfer costs for earthquake and flood parametric insurance structures.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
A knowledge-sharing workshop in targeted beneficiary countries of a regional TA project could help strengthen the concept development of future such TA. This interactive approach offers several advantages, including: (i) Enhanced stakeholder engagement. A workshop focusing on the initial research findings would allow representatives from benefiting countries to participate actively from the outset. This would foster a sense of ownership and enhance buy-in for the initiative by ensuring stakeholders feel invested in its success. (ii) Improved needs identification.

Project Number: 54344-001
Project Name: Supporting the Establishment of a CAREC Regional Infrastructure Projects Enabling Facility
Report Date:
Lesson
Designation of an alternate TA team leader despite resource constraints is necesssary to ensure seamless project continuity and institutional knowledge transfer. It will also mitigate potential disruptions caused by staff turnover.

Project Number: 54344-001
Project Name: Supporting the Establishment of a CAREC Regional Infrastructure Projects Enabling Facility
Report Date:
Lesson
Early consultation with relevant ADB units is essential to ensure a well-rounded TA design and a robust monitoring framework. These units' expertise can significantly enhance TA effectiveness and impact. By collaborating with experts from these units during the design phase, the possibility of overlooking critical components that are vital for a successful TA could be avoided.

Project Number: 54344-001
Project Name: Supporting the Establishment of a CAREC Regional Infrastructure Projects Enabling Facility
Report Date:
Lesson
All the output and activity requirements to achieve planned outcomes need to be identified and mapped out in a clear implementation plan with well-defined targets and a definite timeframe. The original project design overlooked securing donor funding as a key output for establishing the Facility. The proposed timeline for stakeholder consultations was overly optimistic.

Project Number: 54344-001
Project Name: Supporting the Establishment of a CAREC Regional Infrastructure Projects Enabling Facility
Report Date:
Lesson
The plan to establish an enabling facility for regional infrastructure projects will benefit from an assessment of existing trust funds within ADB that support project preparation funding, such as the Project Preparation and Implementation Support Trust Fund. Analyzing the processes of their establishment and the challenges faced would have helped.

Project Number: 54344-001
Project Name: Supporting the Establishment of a CAREC Regional Infrastructure Projects Enabling Facility
Report Date:
Lesson
A separate budget for a fund-raising roadshow is essential to ensure the successful establishment of a funding facility. This should not have been neglected in the establishment of the CAREC Climate and Sustainability Project Preparatory Fund aimed for under this TA. Engaging with potential donors is a critical step in securing the necessary funding for the fund's operation.

Project Number: 54344-001
Project Name: Supporting the Establishment of a CAREC Regional Infrastructure Projects Enabling Facility
Report Date:
Lesson
Knowledge sharing on the AMF should be supported by a national government agency for it to be effective. The development of the national AMF in the PRC moved forward because a key policy regulatory agency led it with support from the TA project.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date: