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Lesson
Financial management staff’s inclusion in review missions will be key to ensuring improved financial performance of future projects. Neither the ADB project team nor PCO could decipher financial management requirements and covenant quantifications due to the absence of financial management staff in review missions. The team failed to follow up on audit opinions and recurrent issues, leading to recurrence of the same issues and delays in submitting the APFS. This improved only after inclusion of a financial management staff toward the end of the project.

Project Number: 42161-013
Project Name: Integrated Urban Development Project
Report Date:
Lesson
Continuous community consultation, benefit sharing, and interagency coordination are vital to create social acceptance for SLS construction. The Nepalgunj SLS construction was successful due to continuous community engagement, cooperation among political leaders, and early implementation of a community development program targeted to community living near the SLS. The SLSs in Janakpur and Siddharthanagar had to be dropped, however, as nearby communities did not allow their construction.

Project Number: 42161-013
Project Name: Integrated Urban Development Project
Report Date:
Lesson
In future, project design consultant’s scope of work should include assessment of background and technical information for underground existing utilities. The project had initial design delays and design modifications during implementation mainly due to unavailability of existing utilities’ underground information such as by plan profile and as-built drawing. Final DSC designs were not always comprehensive. This required variations for most contracts, resulting in both start-up delays and contract modifications.

Project Number: 42161-013
Project Name: Integrated Urban Development Project
Report Date:
Lesson
Supporting policies need to have clear guidelines on tax incentives.

Project Number: 38423-022
Project Name: Raising Incomes of Small and Medium Farmers Project
Report Date:
Lesson
Access to formal finance in Nepal’s rural areas needs to be strengthened.

Project Number: 38423-022
Project Name: Raising Incomes of Small and Medium Farmers Project
Report Date:
Lesson
Matching grants help build investor confidence.

Project Number: 38423-022
Project Name: Raising Incomes of Small and Medium Farmers Project
Report Date:
Lesson
Farmers need to adopt climate-resilient infrastructure and technology.

Project Number: 38423-022
Project Name: Raising Incomes of Small and Medium Farmers Project
Report Date:
Lesson
Nepal’s capacity to effectively monitor food quality needs to be strengthened.

Project Number: 38423-022
Project Name: Raising Incomes of Small and Medium Farmers Project
Report Date:
Lesson
Multi-stakeholder platforms are important informal institutional mechanisms for facilitating business-to-business linkages.

Project Number: 38423-022
Project Name: Raising Incomes of Small and Medium Farmers Project
Report Date:
Lesson
Limited availability of local inputs and technical know-how affects project implementation and sustainability.

Project Number: 38423-022
Project Name: Raising Incomes of Small and Medium Farmers Project
Report Date:
Lesson
Project readiness should be ensured before project approval.

Project Number: 38423-022
Project Name: Raising Incomes of Small and Medium Farmers Project
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: 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 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
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: