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Lesson
This validation offers the following lesson: although TA design may identify a particular model of consultancy, these needs may evolve during the program requiring adjustment. In this case, in developing a model that responded to the needs of ACMF’s working group on corporate governance, the TA project shifted its approach since the regulators felt that an audit firm (rather than consultants) would lend more credibility and recognition to the validation exercise.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation offers the following lesson: keeping the stakeholders engaged through national interventions and securing sources of post-TA financial resources (unless the TA project was a project preparation TA) is important especially for capacity building TA projects, to ensure continuity and sustainability of the project.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees that cooperation and coordination, especially with other ADB departments, is important. This was a missed opportunity for this TA project. It is, however, not clear though why a visit to the People's Republic of China is required or recommended for the next ACMF TA.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees with the recommendation and rephrases this as a lesson: Partnering with operational projects within ADB is an important step in ensuring that other DMCs outside ASEAN can develop their capital markets and improve governance standards of publicly listed companies.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
Identifying critical risks and assumptions are an important element of design. However, design could also usefully identify mechanisms to mitigate these risks.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation has rephrased the recommendation into a lesson as follows: Providing adequate visibility to partners who have either financed the project or have special interest and stake in seeing its success is necessary to ensure their continued support.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
Drawing on lessons from similar previous TA projects can help in robust design that is responsive to DMC needs, isrealistic, and adopts best practice. This could help to get greater stakeholder engagement in complex processes such as regional capital market integration.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation offers the following lesson: it is important to work and clearly communicate with ACMF and its working groups to get buy-in to the TA project. This is evident in how stakeholders noted their appreciation to this approach.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees with the lesson of building awareness for the work done under the TA project. However, it is unclear why awareness-building beyond ASEAN is required for this TA project. One can surmise that it could be for the goals of attracting capital. However, the role of partnership with foreign academic institutions is unclear beyond the publication of potential knowledge products. This lesson or recommendation should then be classified under partnership and cofinancing.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
The TCR lesson is not clearly articulated as a lesson. In finalizing this validation report, the NRM rephrased the lesson and provided additional information: ADB’s continuing support remains essential in pursuing policy reforms and building government capacity in project implementation. A TA for $500,000 under the Food Safety and Agriculture Commercialization Program will support the government in meeting the second tranche policy actions.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
This validation also offers this TCRV lesson: When changes are made to a TA's scope, it should be made explicit the extent to which originally planned results would not be achieved as a result of the new approach. Under this TA, it was not fully clear that the originally foreseen concept for a stand-alone investment project would not be produced due to the shift in the TA's scope. Project scope should be undertaken with care. It is essential to go back to the design board and re-adjust the indicators and consult with stakeholders if changes are made.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
Agreed. Lesson might be rephrased as: Wide stakeholder consultations (with private sector, subject matter experts, and the government) enabled identification of critical reforms, particularly on food safety, an area where this TA linked with public health.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
The TCR lesson is not phrased as a lesson. In finalizing this validation report, the NRM rephrased the lesson and provided additional information: Adequate consideration of Nepal’s political landscape in delivering or scaling up effective agricultural services and approaches in the future is critical. Nepal’s shift to federalism has devolved much of the agriculture sector work to subnational governments. The newly established provincial and local governments require extensive capacity building to deliver agriculture research and extension services.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
The lesson is not clearly articulated as a TCR lesson. In finalizing this validation report, the NRM rephrased and provided additional information: ADB’s flexibility to adopt to changed country context is crucial to maintaining project relevance. ADB was quick to respond to the government’s need for critical policy reforms as a greater priority than the value chain component in the context of federalism. ADB’s flexibility reflected in a minor change in scope of the TA was useful to design a policy-based program in less than one year.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
The lesson also does not talk about constraints encountered. To be a useful knowledge product, it is essential to comment on the constraints and the mitigation strategies deployed by the project so that others can learn from it.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date: