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Lesson
Working with the project team leader could help improve compliance with loan covenants.

Project Number: 40173-043
Project Name: Highlands Region Road Improvement Investment Program - Project 2
Report Date:
Lesson
A dedicated, full-time monitoring and evaluation (M&E) staff or consultant is necessary for timely and reliable project performance monitoring and reporting.

Project Number: 44304-013, 44304-014, 44304-015
Project Name: Microfinance Expansion Project
Report Date:
Lesson
The long procurement approval process needs to be factored into the design particularly of large infrastructure projects in PNG.

Project Number: 40173-043
Project Name: Highlands Region Road Improvement Investment Program - Project 2
Report Date:
Lesson
Augmentation of the resident mission’s (RM) staff complement may be necessary to strengthen ADB support for weak areas in executing agency (EA) project management and implementation capacity.

Project Number: 40173-043
Project Name: Highlands Region Road Improvement Investment Program - Project 2
Report Date:
Lesson
Staff perception of comparatively lower salaries could erode their morale and lead to frequent turnover.

Project Number: 44304-013, 44304-014, 44304-015
Project Name: Microfinance Expansion Project
Report Date:
Lesson
Larger institutional issues can pose challenges to the sustainability of projects.

Project Number: 40173-043
Project Name: Highlands Region Road Improvement Investment Program - Project 2
Report Date:
Lesson
Government counterpart funding will be a risk in PNG for the foreseeable future.

Project Number: 40173-043
Project Name: Highlands Region Road Improvement Investment Program - Project 2
Report Date:
Lesson
All expenditures allocated to a single cost category should be allocated to a single cost center.

Project Number: 44304-013, 44304-014, 44304-015
Project Name: Microfinance Expansion Project
Report Date:
Lesson
It is important in PNG to investigate legacy grievances and disputes and adequately consider them in project design and implementation.

Project Number: 40173-043
Project Name: Highlands Region Road Improvement Investment Program - Project 2
Report Date:
Lesson
A single database, accessible to all project staff, will make monitoring and reporting easier and project decision-making more reliable and consistent.

Project Number: 44304-013, 44304-014, 44304-015
Project Name: Microfinance Expansion Project
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
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: