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Lesson
The ambitious outcome of the TA would have been achieved if it has been followed by an ensuing investment project as planned. Huge investment gap remains. ADB stands ready to support the government in finding an alternative solution, whatever financing modality will eventually be preferred by the Borrower.

Project Number: 42417-045
Project Name: Vertical Mobility and Safety Improvement
Report Date:
Lesson
Following the delivery of the outputs, the government had initiated procurement of 20 elevators on pilot basis. Having considered the pilot successful, Yerevan Municipality announced further procurement of 500 elevators, to be financed from the municipal budget.

Project Number: 42417-045
Project Name: Vertical Mobility and Safety Improvement
Report Date:
Lesson
After changes of the IA, it had been challenging to meet the new client’s expectation based on previously developed Terms of Reference for the consultants. It took quite some efforts to ensure effective management of the consultant and the resource persons involved.

Project Number: 42417-045
Project Name: Vertical Mobility and Safety Improvement
Report Date:
Lesson
Although the rights and obligations of the building owners and residents are governed by the Constitution of the Republic of Armenia, the Civil Code and other legal acts, the management of commonly shared property in multi-apartment buildings in Yerevan is not effective, since there is a mismatch between the ownership title of the assets and the owner’s perception regarding the maintenance obligations. Nevertheless, the local government is still willing to improve the commonly owned private property through public borrowing.

Project Number: 42417-045
Project Name: Vertical Mobility and Safety Improvement
Report Date:
Lesson
Active stakeholder participation has been ensured during the implementation to maximize the relevance of the TA outputs. The IA provided all statistical and technical data and logistic support. Two workshops were held at Yerevan Municipality premises. Representatives from all relevant government agencies shared their ideas.

Project Number: 42417-045
Project Name: Vertical Mobility and Safety Improvement
Report Date:
Lesson
The TA project benefitted from a broad network of partners from the PRC and independent accountability mechanism that contributed to mobilizing a large number of workshop participants and to getting rich inputs to improve the quality of the initial draft of the regional framework.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
For a TA project that is policy-related, buy-in of target countries is very important in realizing the outputs and results.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
Collaborating with a wider network of stakeholders which may sometimes be time consuming certainly improves the quality of results.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
India, Indonesia and the PRC all expressed the need for capacity building TA project and support to tailor the generic accountability mechanism framework to their country situation.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
Knowledge sharing on the AMF should be supported by a national government agency for it to be effective. The development of the national AMF in the PRC moved forward because a key policy regulatory agency led it with support from the TA project.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
It is not only the competence of consultants that is important but also their ability to navigate the consultant management system that determines timely closure of TA accounts.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
The three-country experience showed replication and scaling up depends on country context and government buy-in.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
Having local partners (e.g., in the PRC) facilitate workshop organization and implementation.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
There are concerns on the additional costs associated with green bond issuances, as well as reputational risk if their bonds lose their green status

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+4
Report Date:
Lesson
Based on the findings of the study under the TA, market participants and regulators in ASEAN+3 countries identified the absence of a linkage between national goals to improve the environment (as reflected in national commitments associated with the UN SDGs) and the development of green bond markets. There is low awareness of green bonds among issuers and investors in most ASEAN+3 countries. Many market participants are unfamiliar with green bonds and through the middle of 2017, those with some awareness often had only a cursory understanding.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+4
Report Date: