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Lesson
Engaging an international firm with extensive experience proved to be the best option for this TA which focused on a complex and highly specialized topic. Nevertheless,there will always be an indispensable need for national perspectives and experiences, best provided by national consultants, to inform and be considered in TA analyses and recommendations. Future TA could benefit from increased engagement with local experts, either as individual consultants or as subcontracted members of international consulting firms or TA implementation teams.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
Targeting core reforms is crucial to maximizing program impact. A few policy actions that are critical to improving the effectiveness and efficacy of the Securities and Exchange Commission of Pakistan could have been prioritized, rather than focusing on privatizing public sector enterprises, which can be part of a future reform program dedicated to state-owned enterprise reforms.

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: