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Lesson
When designing results frameworks, the use of policy actions as results indicators should be minimized. If the indicator measures the reform success by the completion of the policy actions, it provides little information on the success of that policy action and undermines the relevance of the policy action for no result is achieved other than itself.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
When programs embody reforms that are directed at strengthening the institutional framework for the operation of key markets, such as those underlying financial markets, clearly articulating them in the program documents clarifies objectives. By not doing so, it risks the results of the program not being fully apparent due to the lengthy period for the reforms to come to fruition. By setting as outcome objectives, what the improved framework will lead to places the outcome outside the time frame of the program

Project Number: 51060-002, 51060-003
Project Name: Public Efficiency and Financial Markets Program (Subprograms 1 and 2)
Report Date:
Lesson
Development partners should both support and take advantage of opportunities that arise when governments are committed to reform, which should also be recognized in their country programming. the government that came to office in 2018 was strongly reform-minded. Even though Armenia suffered two exogenous shocks in the form of the coronavirus disease (COVID-19) and conflict with a neighboring country, reform commitment did not waver. This contributed strongly to the ultimate outcome of this program.

Project Number: 51060-002, 51060-003
Project Name: Public Efficiency and Financial Markets Program (Subprograms 1 and 2)
Report Date:
Lesson
Road maintenance funds could be prudently raised by exploring the wider use of road user charges, ringfencing revenues from road or fuel taxes, and/or by including provisions for maintenance in road reconstruction contracts. Incorporating a performance-based maintenance contract for road routine maintenance could improve the funding sustainability of road maintenance. This concept is useful in assisting agencies with low level of institutional and financial capacity to help preserve road assets’ maintenance and reduce the cost of future rehabilitation and reconstruction works.

Project Number: 43439-023, 43439-033, 43439-013
Project Name: CAREC Corridor 2 (Mangystau Oblast Section) Investment Program (Tranche 2 and Multitranche Financing Facility)
Report Date:
Lesson
Greater consideration on the road safety and maintenance during planning and design stage increases the benefits of a road project and enhances its sustainability over time. For instance, building the capacity of implementing agencies to better implement road safety action plans and programs contributes to enhancing road safety policies and facilitate a more effective road programs and safer road environment. Ensuring that road safety regulations and standards are well implemented is also crucial in strengthening the road quality management

Project Number: 43439-023, 43439-033, 43439-013
Project Name: CAREC Corridor 2 (Mangystau Oblast Section) Investment Program (Tranche 2 and Multitranche Financing Facility)
Report Date:
Lesson
When ADB chooses to finance activities in a member country jointly with development partners, it needs to closely monitor their assessment, utilize their database, and build on their knowledge products as appropriate such that development cooperation reports on the mutual synergies and becomes genuinely “finance++”.

Project Number: 51129-002
Project Name: Human Development Enhancement Program
Report Date:
Lesson
In designing a substantive and relevant PPPF to extend policy reform support, there is a need to ensure that the scope of the activities included therein reflect the full spectrum of the outcomes identified in the report and recommendation of the President of the program.

Project Number: 51129-002
Project Name: Human Development Enhancement Program
Report Date:
Lesson
For a program directly targeting women, GAP targets be integrated more into the program design and included in the DMF.

Project Number: 45230-001
Project Name: Women’s Entrepreneurship Support Sector Development Program
Report Date:
Lesson
The collection of sex-disaggregated data is a key feature of programs that support women and the policy-based loan funds could have been used as leverage to create such database.

Project Number: 45230-001
Project Name: Women’s Entrepreneurship Support Sector Development Program
Report Date:
Lesson
For programs which focus on gender equity, identifying and ensuring that institutions supporting gender are onboard throughout program development and implementation is crucial.

Project Number: 45230-001
Project Name: Women’s Entrepreneurship Support Sector Development Program
Report Date:
Lesson
Strong analytical work supported with sex-disaggregated data is necessary to back-up and sustain the commitments of the government to prioritize interventions directly targeting women.

Project Number: 45230-001
Project Name: Women’s Entrepreneurship Support Sector Development Program
Report Date:
Lesson
A clearer link between the DMF, policy actions, and the GAP is necessary.

Project Number: 45230-001
Project Name: Women’s Entrepreneurship Support Sector Development Program
Report Date:
Lesson
Indicators that measure medium-term lending and sustainability could provide better measurements toward initiating a more sustainable access to SME medium-term lending.

Project Number: 44060-024
Project Name: Small and Medium Enterprise Investment Program (Tranche 2)
Report Date:
Lesson
Regulatory bottlenecks need to be appraised rigorously and continuous policy dialogue with relevant government agencies should have been undertaken by ADB.

Project Number: 44060-024
Project Name: Small and Medium Enterprise Investment Program (Tranche 2)
Report Date:
Lesson
Constraints to small and medium enterprise (SME) financing should have been fully identified at appraisal and addressed in the design.

Project Number: 44060-024
Project Name: Small and Medium Enterprise Investment Program (Tranche 2)
Report Date: