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Lesson
EAs/IAs and supreme audit institutions (SAIs) have expressed a substantial demand for capacity development initiatives focused on financial reporting and auditing practices. Increased and more frequent collaborative engagement with SAIs and private auditing firms would facilitate the prioritization of limited TA resources, allowing them to be strategically allocated to address the most critical capacity gaps. EAs/IAs staff training need to continuously focus on timely financial reporting and audit and comprehensive coverage of all project expenditures until financial closing.

Project Number: 52113-001
Project Name: Strengthening Financial Management in Asia and the Pacific, Phase 2
Report Date:
Lesson
Professional accounting organizations are reliable partners in initiatives to enhance the financial management capacity of DMCs. This TA benefited from an extensive network of partners from the DMCs and various Professional Accounting Organizations. This collaboration facilitated the gathering of substantive inputs localizing best international practices in auditor quality assurance programs, thereby improving the quality of the TA deliverables.

Project Number: 52113-001
Project Name: Strengthening Financial Management in Asia and the Pacific, Phase 2
Report Date:
Lesson
Too many implementing agencies completing too many policy actions, make progam coordination very difficult.

Project Number: 53221-001, 53221-002, 53221-003
Project Name: Third Capital Market Development Program (Subprograms 1 and 2)
Report Date:
Lesson
The use of build-back-better technologies with climate resiliency determined at project design such as sheet piling increase the service life of the infrastructure, even if this increases the project costs. Prior to implementation, the subproject’s economic analysis needs to explore and evaluate alternative technologies under a build-back-better objective.

Project Number: 49038-001
Project Name: Flood Emergency Reconstruction and Resilience Project
Report Date:
Lesson
The multitranche financing facility (MFF) modality allows flexibility in project selection and project management maintaining focus on reforms and performance. However, when there are potential political, governance, security, and integrity uncertainties, it would be more appropriate to use a stand-alone project loan with additional financing depending upon emerging needs. Simpler project designs, with specific purposes in a limited number of locations, are more likely to succeed than those with a broad scope and

Project Number: 42051-023
Project Name: Energy Efficiency Program
Report Date: