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Lesson
The independent validation process implemented under the ACGS is good practice for knowledge building. It gives practical information on actual corporate governance practices of PLCs. Many ACMF initiatives have good traction within the region. However, awareness beyond ASEAN is limited. In addition to the existing knowledge sharing of best practices within ASEAN, future support to ACMF should also include engagement with international partners. This includes foreign academic institutions with strong private sector partnerships.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
ADB should explore how to link up ACMF initiatives with other departments of ADB to scale up and so the substantial technical work with ACMF can be made operationally relevant. ACMF’s initiatives on green bonds and corporate governance can help ASEAN member countries develop their capital markets and improve corporate governance standards of PLCs. There is also potential replication to other regional groupings outside ASEAN including the Central Asia Regional Economic Cooperation.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
There are challenges in integrating intermittent renewable energy sources in the electricity system without affecting grid stability, e.g. while electricity storage and grid control technologies can help improve grid stability, due to technical constraints, diesel generation capacity is still required to balance the fluctuations of solar and wind energy sources.

Project Number: 44469-013
Project Name: Yap Renewable Energy Development Project
Report Date:
Lesson
A subsequent phase with an approved budget of $9.09 million was approved on 3 October 2019. An increase in TA amount and minor change in scope memo is being processed by the user unit to include a $2 million contribution from the United States. This will be the first contribution from the United States.

Project Number: 46500-001
Project Name: Establishment of the Pacific Regional Infrastructure Facility Coordination Office
Report Date:
Lesson
A total of 24 knowledge products were developed during this TA. Examples of successful and effective hand-over projects include the Pacific utilities benchmarking performance work of PRIF to the Pacific Water and Wastewater Association (PWWA) and to the Pacific Power Association (PPA). The 2016 PWWA benchmarking report was released during the Pacific Water conference and Expo in Tonga, August 2016. The report was based on the indicators developed during 2013 PWWA benchmarking exercise supported by PRIF.

Project Number: 46500-001
Project Name: Establishment of the Pacific Regional Infrastructure Facility Coordination Office
Report Date:
Lesson
The TA design and monitoring framework was well devised with sufficient flexibility to respond to the countries’ demands and to the PRIF partners’ demands as the TA progressed—a key feature of the PRIF’s coordination arrangements.

Project Number: 46500-001
Project Name: Establishment of the Pacific Regional Infrastructure Facility Coordination Office
Report Date:
Lesson
Fluctuations in committed and in effective financial contributions from the PRIF partners led to some uncertainties in allocating resources and in budgeting assistance programs. It was not possible to process the European Investment Bank planned cofinancing commitment of $1.1 million equivalent due to legal issues preventing the ability to conclude a cofinancing mechanism and agreement with ADB. During the TA period, ADB built on the constructive working relationship with the Governments of Australia and New Zealand.

Project Number: 46500-001
Project Name: Establishment of the Pacific Regional Infrastructure Facility Coordination Office
Report Date:
Lesson
Significant changes to the PRIF CO staff (3 to 6 full time staff with 14 different consultants hired under 21 individual contracts) led to challenges in the delivery of services. An operational review conducted in 2018 proposed new operational structures to address “the need for longer-term funding certainty and broader funding base” and “the desire to provide greater stability in PRIF CO management and PRIF CO core team.” Majority of the individual consultants engaged for the TA performed satisfactorily.

Project Number: 46500-001
Project Name: Establishment of the Pacific Regional Infrastructure Facility Coordination Office
Report Date:
Lesson
PRIF partner and stakeholder involvement and participation in PRIF activities, including attendance at SWG coordination meetings or support to the 51 subprojects’ implementation committees. Among the key challenges met was the wide range of assistance expectations from the PRIF partners and the stakeholders and the reconciliation of those expectations with the available PRIF CO resources. This was achieved through the dynamic “management committee/SWG” driven work prioritization mechanism.

Project Number: 46500-001
Project Name: Establishment of the Pacific Regional Infrastructure Facility Coordination Office
Report Date:
Lesson
The implementation of PMC-approved activities led to the production of 78 technical reports and publications. This was executed through the recruitment of 146 consultant contracts including 6 consulting firms, 132 individual consultants and 8 resource persons.

Project Number: 46500-001
Project Name: Establishment of the Pacific Regional Infrastructure Facility Coordination Office
Report Date:
Lesson
Institutional capacity development on climate change in ADB’s DMCs requires long-term engagement. Just over half of CCF resources went toward capacity development. The lack of basic climate data, technical expertise, and qualified local staff in many DMCs means that some processes, especially baseline studies, vulnerability assessments, and cost–benefit analysis of mitigation and adaptation measures, have to be adjusted to reflect realities on the ground.

Project Number: No PN
Project Name: Climate Change Fund, 2008–2019
Report Date:
Lesson
The strategic oversight of funds is enhanced when their governance structure includes some form of third-party engagement. The original Board paper outlined the governance structure of CCF and included at its apex ADB and external financing partners, whose function would be to provide strategic direction to the CCF and to meet ADB for annual consultations and to review progress, administration, and the annual work program. Since there are no external financing partners, ADB sits alone at the apex of the governance structure.

Project Number: No PN
Project Name: Climate Change Fund, 2008–2019
Report Date:
Lesson
Technical assistance with a narrow focus, immediate policy relevance, and carried out with national champions with financial and/or planning authority was key to the successful integration of climate technologies in country investment plans. Careful and realistic planning is required for the production and dissemination of outputs, since this involves multiple institutions within a given timeframe.

Project Number: No PN
Project Name: Climate Change Fund, 2008–2019
Report Date:
Lesson
Partnership with institutions, like the International Monetary Fund and those from developed counterparts like the Bank of Italy, has enabled us to work together and tap relevant expertise.

Project Number: 47146-001
Project Name: Macroeconomic Modelling for Improved Economic Assessment
Report Date:
Lesson
Conducting an exploratory TA like this one results in evolvement of the nature of work that requires continuous extension to the ongoing work. The cost savings from hiring the international consultants have allowed the TA to expand the work without having to request for an additional funding. In addition, engaging ADB staff directly in working on the research topics was a critical element to ensure that the knowledge and capacity grows within ADB as a knowledge bank.

Project Number: 47146-001
Project Name: Macroeconomic Modelling for Improved Economic Assessment
Report Date: