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Lesson
Identifying critical risks and assumptions are an important element of design. However, design could also usefully identify mechanisms to mitigate these risks.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees with the lesson of building awareness for the work done under the TA project. However, it is unclear why awareness-building beyond ASEAN is required for this TA project. One can surmise that it could be for the goals of attracting capital. However, the role of partnership with foreign academic institutions is unclear beyond the publication of potential knowledge products. This lesson or recommendation should then be classified under partnership and cofinancing.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees with the recommendation and rephrases this as a lesson: Partnering with operational projects within ADB is an important step in ensuring that other DMCs outside ASEAN can develop their capital markets and improve governance standards of publicly listed companies.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
Drawing on lessons from similar previous TA projects can help in robust design that is responsive to DMC needs, isrealistic, and adopts best practice. This could help to get greater stakeholder engagement in complex processes such as regional capital market integration.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation offers the following lesson: although TA design may identify a particular model of consultancy, these needs may evolve during the program requiring adjustment. In this case, in developing a model that responded to the needs of ACMF’s working group on corporate governance, the TA project shifted its approach since the regulators felt that an audit firm (rather than consultants) would lend more credibility and recognition to the validation exercise.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
The lesson also does not talk about constraints encountered. To be a useful knowledge product, it is essential to comment on the constraints and the mitigation strategies deployed by the project so that others can learn from it.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
No TCR lessons. In finalizing this validation report, NRM added a new lesson: Continued engagement and dialogue with the government on changes in priorities is crucial in determining the most appropriate type of assistance, financing modality and project design. Scope changes in the TA have financial implications, which may require original output targets to be adjusted. In this case, the numbers of corridors and commodities to be mapped were reduced as resources had to be diverted to undertake policy review for the program loan.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
No TCR lesson. In finalizing this validation report, the NRM added a new lesson: The involvement and coordination among development partners during the transition to a new form of government enhances the groundwork for complementary interventions and co-sharing opportunities. Nepal has a well_x005F_x0002_functioning development partners group on agriculture, which meets regularly on a monthly basis. The TA concept, and subsequent change in scope were presented to the group and their feedback incorporated, as appropriate.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
This validation also offers this TCRV lesson: When changes are made to a TA's scope, it should be made explicit the extent to which originally planned results would not be achieved as a result of the new approach. Under this TA, it was not fully clear that the originally foreseen concept for a stand-alone investment project would not be produced due to the shift in the TA's scope. Project scope should be undertaken with care. It is essential to go back to the design board and re-adjust the indicators and consult with stakeholders if changes are made.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
The TCR lesson is not clearly articulated as a lesson. In finalizing this validation report, the NRM rephrased the lesson and provided additional information: ADB’s continuing support remains essential in pursuing policy reforms and building government capacity in project implementation. A TA for $500,000 under the Food Safety and Agriculture Commercialization Program will support the government in meeting the second tranche policy actions.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
This validation is also suggesting this lesson statement: Increasing knowledge and awareness in a specific geographic area about key elements of the agriculture sector (e.g., markets, infrastructure, institutions, best practices, value chain) can be catalytic for increasing investment and development of new horticulture market opportunities.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
This validation also offers this lesson: The TA memo provides a lesson (although it was not reflected in the TCR lessons) regarding the shift in scope, "In light of the ongoing transition to federalism, which aims to devolve the responsibilities for the agriculture sector to the subnational government levels (provincial and municipal), the consultations at the subnational level have become critical not only for the program design, but also to assess the most feasible implementation arrangements…The need to consult with the subnational government offices has not received sufficient atte

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
The lesson is not clearly articulated as a TCR lesson. In finalizing this validation report, the NRM rephrased and provided additional information: ADB’s flexibility to adopt to changed country context is crucial to maintaining project relevance. ADB was quick to respond to the government’s need for critical policy reforms as a greater priority than the value chain component in the context of federalism. ADB’s flexibility reflected in a minor change in scope of the TA was useful to design a policy-based program in less than one year.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
The TCR lesson lists the activities carried out by the project and concludes that the survey reveals new product opportunities in the value chain. The TCR does not talk about specific lessons learned out of the process. In finalizing this validation report, the NRM rephrased the lesson and provided additional information: Effective knowledge building brings many tangible benefits in the design of new projects.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date:
Lesson
The TCR lesson reflects on the need to engage with the stakeholders in the project design process. However, there is no mention of whether the stakeholders were consulted again when the output indicators changed, and some market corridors were dropped. When the project scope changes significantly, it is a good practice to revisit previously consulted stakeholders to update them of the need to change the targets and incorporate their feedback.

Project Number: 48218-007
Project Name: Support for Value Chain Development under the Nepal Agriculture Development Strategy
Report Date: