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Lesson
Close collaboration among ADB’s regional departments that support subregional programs and broad participation these subregional programs and their member countries, (i.e. the Central Asia Regional Economic Corridor, the Greater Mekong Subregion program, and the South Asia Subregional Economic Cooperation program), and development partners are critical in successfully implementing ECD-focused TA. These have helped improve the content and focus of the ECD guidance note produced by the TA.helped improve the ECD guidance note.

Project Number: 54423-001
Project Name: A New Operational Economic Corridor Development Framework for Central Asia and Beyond
Report Date:
Lesson
Early engagement with DMCs in knowledge-sharing activities is advisable for TA with comprehensive and complex topics. For this TA, it could have facilitated in-depth discussion and debate among DMCs and development partners on the new concept of ECD, lessons learned from ECD initiatives, and ECD pipeline development.

Project Number: 54423-001
Project Name: A New Operational Economic Corridor Development Framework for Central Asia and Beyond
Report Date:
Lesson
Using individual consultants and resource persons provides flexibility in contract implementation. A summary recording of pertinent contract data must be kept updated to support efficient consultant management.

Project Number: 54423-001
Project Name: A New Operational Economic Corridor Development Framework for Central Asia and Beyond
Report Date:
Lesson
The One ADB approach to project implementation is an exemplary cooperation modality in ADB. The Central and West Asia Department initiated the TA activities covering all ADB DMCs in the subregion and were strongly supported by the Regional Cooperation and Integration and Trade Division of then Climate Change and Sustainable Development Department and the regional cooperation and integration units of South Asia and Southeast Asia departments in providing inputs, mobilizing DMC participants, and generating financial support.

Project Number: 54423-001
Project Name: A New Operational Economic Corridor Development Framework for Central Asia and Beyond
Report Date:
Lesson
A longer implementation is required for complex TA projects. The TA was designed to support the development of a new economic corridor development (ECD) framework and operational guidelines that apply to the Central and West Asian countries and beyond. Taking lessons from other long-term ECD-related TAs, the TA could have been designed for a longer time frame from the start, with a more realistic timeline for completion, given the complexity of the ECD and the COVID-19- related constraints. A regular TA, instead of a small-scale TA, could have been a better option.

Project Number: 54423-001
Project Name: A New Operational Economic Corridor Development Framework for Central Asia and Beyond
Report Date:
Lesson
In implementing the PPPs and in establishing the PPP unit, specific actions could have been better emphasized to ensure that such projects are affordable to the poor and that these are gender and socially conscious. Providing varied financing mechanisms for different forms of PPPs—such as viability gap funding, availability-based, and Islamic bond financing—were innovations that could be repeated in future projects.

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, and 3)
Report Date:
Lesson
It is important for Indonesia to focus on improving the procedures to enable micro, small, and medium enterprises—the basis of the Indonesian economy—not only to start a business but also to expand the existing ones

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, and 3)
Report Date:
Lesson
With the government’s response to the COVID-19 pandemic severely affecting MSMEs, risks from further implications and possible pandemics in the future need more attention in the program’s assessment moving forward.

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, and 3)
Report Date:
Lesson
A thorough understanding of the capacity and readiness of the EAs and IAs at all levels, along with proper timing and sequencing, is imperative for reforms to succeed.

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, 3)
Report Date:
Lesson
Close coordination among the executing and implementing agencies (EAs/IAs), as well as collaboration with other development partners is crucial for the success of reform programs

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, 3)
Report Date:
Lesson
Careful attention to overlapping regulations is needed to streamline and enhance the efficiency of the reform process.

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, 3)
Report Date:
Lesson
Policy-based operations can achieve better outcomes by using a limited number of more focused, carefully sequenced, high-impact reforms.

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, 3)
Report Date:
Lesson
Continuous support is crucial to sustain and advance reforms to strengthen investment-led growth in Indonesia, with the COVID-19 pandemic heightening this need.

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, 3)
Report Date:
Lesson
A focused and proactive approach is needed to mainstream gender in economic and other reform programs.

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, 3)
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: