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Lesson
Based on further information provided by ERCD, understanding the additional costs (beyond external review fees) would help in identifying the reasons why there was no second-round issuance (which affects reputation if green status is lost) even though issuers have already invested heavily to establish proper internal system to monitor use of proceeds and provide post-issuance reporting.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
The outcome indicator should have been formulated more clearly and the outputs/activities planned to better ensure that it could deliver the targeted outcome.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
The way the lesson was formulated in the TCR could be improved (it is stated more like an issue rather than lesson learned). But lessons can be inferred that addressing reputational risk and additional costs for meeting green bonds requirements, ensuring a certain level of market maturity, and establishing clear regulations by market regulators are necessary conditions to the successful attainment of the TA objectives.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
The way the lesson was formulated in the TCR could be improved (it is stated more like an issue rather than lesson learned). But a lesson could be inferred that ensuring individual DMC commitment upfront and awareness measures could seamlessly facilitate progress towards the attainment of the objective of the TA.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
Also, ensuring that approval is sought for changes in the indicators in the course of TA implementation is a good practice.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
The TCR could have elaborated on the need for consultants to ably navigate (or be supported to navigate) the consultant management system to ensure timely closure of TA accounts.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
The TCR could have TCR could have provided further details about the national agenda/initiatives from India, Indonesia, and the PRC (Green Finance Initiative) brought about by the experience in developing this regional AMF. Based on the wrap-up workshop brief, staff from the East Asia Deparment, Central and West Asia Department, Office of the Special Project Facilitator, South Asia Department, and Sustainable Development and Climate Change Department, were present. Such details and other lessons from the Manila wrap-up workshop could have been mentioned in the TCR as well.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
The TCR could have further discussed the benefits or disadvantages of having government agencies as local partners, such as the Policy Research Bureau of the China Banking and Insurance Regulatory Commission, facilitate workshop organization and implementation.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
PEDP III had 626 audit observations. Adequate training to the executing agencies on compliance with financial rules and regulation should have been provisioned under the TA, which could have improved the financial compliance and resulted in fewer audit observations.

Project Number: 45317-001
Project Name: Support for the Third Primary Education Development Project
Report Date:
Lesson
The qualification criteria for key position (international EE specialist) required too many different expertise / experiences from one position without sufficient consideration on the pool of qualified consultants under such requirements. This may consequently result in delays in project implementation. More strategic planning including market analysis on pool of qualified consultants needs to be taken during preparation of TOR.

Project Number: 45419-001
Project Name: SASEC Subregional Energy Efficiency Initiative
Report Date:
Lesson
The project was completed with strong support from resident missions. Engagement of national consultants (India and Nepal) to complement international consultants’ input on national level expedited data gathering and stakeholder’s consultation process became more efficient. Arrangements to ensure the continuity of initiatives and maintaining the institutional knowledge and memory among sector staff are important.

Project Number: 45419-001
Project Name: SASEC Subregional Energy Efficiency Initiative
Report Date:
Lesson
While the SASEC EE roadmap and action plan were approved and the implementation guidelines were formulated, the SASEC and Sri Lanka regional coordination center needs to be created as recommended to ensure continuity in the actions, consistency and fairness in the implementation of the various EE programs, and that a proper dissemination of the results obtained is systematically implemented and cumulative benefits will result from the implementation of the SASEC EE roadmap and action plan.

Project Number: 45419-001
Project Name: SASEC Subregional Energy Efficiency Initiative
Report Date:
Lesson
Bringing together relevant government stakeholders facilitates more effective and meaningful discussions both on policy and technical aspects.

Project Number: 45419-001
Project Name: SASEC Subregional Energy Efficiency Initiative
Report Date:
Lesson
In the absence of follow-on larger intervention, some of the important envisaged achievements, such as, the regional nodal agency, cooperation on sharing of the data and best practices were not implemented. Establishing a regional nodal agency is highly recommended.

Project Number: 45419-001
Project Name: SASEC Subregional Energy Efficiency Initiative
Report Date:
Lesson
The rationale of the TA was generally well-articulated. The TA design could have been formulated better in terms of outputs and outcome. Distinct performance indicators for outcome and outputs could have provide better opportunities to evaluate the TA results. Also, having realistic and achievable targets is crucial considering implementation realities and timeframe.

Project Number: 45419-001
Project Name: SASEC Subregional Energy Efficiency Initiative
Report Date: