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Lesson
Dissemination of achievements made under the program is essential for knowledge-sharing and to strengthen ADB’s image as an effective development partner, The program supported the implementation of key reforms that were relevant and highly desired by the government to accelerate the country's economic growth. It is important to communicate the achievements made, with the general public and development partners, to improve knowledge and raise awareness. Communication and public awareness are also essential to enhance ADB’s status and credibility as an effective development partner.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Strong alignment with government strategies and priorities leads to strong government ownership and participation in program implementation. The reforms adopted under this program were essential to improve fiscal credibility and strengthen the capital market in Armenia. They were fully aligned with the strategies of the government and ADB. Because of this strong strategic alignment, government ownership of the program remained strong and all implementing agencies actively coordinated with ADB to achieve the reform agenda.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
The absence of a programmatic approach in policy-based loans (PBLs) can put at risk the sustainability of reforms. This program was designed as a stand-alone, single-tranche, PBL and effectively achieved its objective because of strong ownership by and well-coordinated efforts of the authorities and ADB staff. However, the lack of a programmatic approach posed a high risk to the sustainability of the reforms made.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Technical assistance (TA) is required to develop the capacity of institutions to meaningfully engage with ADB on a longer-term basis. ADB’s continuous engagement with the country, during and after a PBL, is essential. It allows ADB to keep a foothold in the country, learn about the reforms being assisted by other development partners, remain updated about emerging needs and issues, support sustainability, and help in processing new programs.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
The introduction of a lease contract for water service delivery was innovative in the Armenia and former Soviet Union state context, which provides a model for other countries to consider.

Project Number: 46220-006
Project Name: Infrastructure Sustainability Support Program (Phase 2)
Report Date:
Lesson
There is a need to determine if public financial reforms should be undertaken within the context of sector investments or separately.

Project Number: 46220-006
Project Name: Infrastructure Sustainability Support Program (Phase 2)
Report Date:
Lesson
Focusing on the core elements of government reform agendas strengthens ownership and the success potential of Asian Development Bank (ADB) policy-based loans (PBLs)

Project Number: 46220-006
Project Name: Infrastructure Sustainability Support Program (Phase 2)
Report Date:
Lesson
The introduction of a lease contract for water service delivery was innovative in the Armenia and former Soviet Union state context, which provides a model for other countries to consider.

Project Number: 46220-006
Project Name: Infrastructure Sustainability Support Program (Phase 2)
Report Date:
Lesson
There is a need to determine if public financial management reforms should be undertaken within the context of sector investments or separately.

Project Number: 46220-006
Project Name: Infrastructure Sustainability Support Program (Phase 2)
Report Date:
Lesson
Successful reform programs transcend political considerations.

Project Number: 46220-006
Project Name: Infrastructure Sustainability Support Program (Phase 2)
Report Date:
Lesson
Intensive consultation and knowledge sharing among ADB relevant units enhances program/project preparation and implementation.

Project Number: 46220-006
Project Name: Infrastructure Sustainability Support Program (Phase 2)
Report Date:
Lesson
Technical assistance (TA) strengthens the capacity of government to ensure the timely completion and sustainability of reforms.

Project Number: 46220-006
Project Name: Infrastructure Sustainability Support Program (Phase 2)
Report Date:
Lesson
The reform’s overall impact should be assessed by how much investment in road and urban water increase—which the PCR did not discuss in detail. This program might have been better designed as a sector development loan, which combine program and investment loans.

Project Number: 46220-001
Project Name: Infrastructure Sustainability Support Program
Report Date:
Lesson
Continued consultations within ADB relevant units enriches the formulation of a policy reform agenda.

Project Number: 46220-002
Project Name: Infrastructure Sustainability Support Program
Report Date:
Lesson
Policy−based loans (PBLs) have a comparative advantage of providing ADB and partner governments a platform for high−level policy dialogue, which otherwise would be difficult to achieve.

Project Number: 46220-003
Project Name: Infrastructure Sustainability Support Program
Report Date: