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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
This validation has rephrased the recommendation into a lesson as follows: Providing adequate visibility to partners who have either financed the project or have special interest and stake in seeing its success is necessary to ensure their continued support.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees that cooperation and coordination, especially with other ADB departments, is important. This was a missed opportunity for this TA project. It is, however, not clear though why a visit to the People's Republic of China is required or recommended for the next ACMF TA.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation offers the following lesson: it is important to work and clearly communicate with ACMF and its working groups to get buy-in to the TA project. This is evident in how stakeholders noted their appreciation to this approach.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation offers the following lesson: keeping the stakeholders engaged through national interventions and securing sources of post-TA financial resources (unless the TA project was a project preparation TA) is important especially for capacity building TA projects, to ensure continuity and sustainability of the project.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
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
Greater effort early on to define targeted outcomes and using a well-structured framework can yield a better tool to assess program results. The results framework presenting clarity in project design, well-defined outcomes, and outputs with appropriate targets and indicators, is imperative in monitoring project achievements. This is necessary to help provide clear assessment and guidance on how to systematically track progress especially on how success will be assessed.

Project Number: 48458-001, 48458-003
Project Name: Expanding Private Participation in Infrastructure Program
Report Date:
Lesson
To ensure the formulation of a well-grounded design, a thorough preparatory assessment could be undertaken by including the political environment and the risk of corruption in a country. In cases where corruption is perceived as being high, support for better performance and greater accountability in public financial management systems plays a crucial role.

Project Number: 48458-001, 48458-003
Project Name: Expanding Private Participation in Infrastructure Program
Report Date:
Lesson
Agreed. The soliciting of stakeholder buy-in and support is an important aspect of project design, implementation, and delivery. A proper understanding of the demands being made on local players to provide information and any cultural issues with information sharing can help to develop buy-in to facilitate smooth project facilitation. At times, incentives may be required to assist local players to overcome barriers to cooperation.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date:
Lesson
Agreed. A large turn-out from all the Pacific DMCs at the workshop, including finance ministries, maritime and aviation authorities fostered interest in the project and facilitated knowledge sharing and contributed to project outcomes. A high turnout at workshops with multi-sector representatives from many DMCs helps to foster knowledge sharing and develop awareness, adoption and uptake of TA project initiatives building institutional capacity and driving and guiding national or sector guidelines.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date:
Lesson
The TA project was cofinanced by the Japan Fund for Poverty Reduction and ADB through theThe TCR did not comment on the mechanism used to update cofinancing partners on progress toward key milestones and developments of the TA project. It is important to keep stakeholders engaged and informed during the project implementation. This is especially true when a project has a long implementation timeframe.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date:
Lesson
Properly designed TA DMFs enables the outcomes and outputs to be clearly attributed to the TA project initiatives. Generalized achievements, or achievements that could have resulted from initiatives or projects being implemented by other organizations concurrently, should be avoided. It is important to define baselines for indicators and factor in expected growth/development when defining indicator targets.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date: