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CSV
Lesson
The absence of a project performance management system (PPMS) could create difficulties in providing basis for the estimation of a project’s economic benefits. Therefore, a well-functioning PPMS helps provide data for more accurate EIRR estimates and the development impacts of road projects.

Project Number: 41076-044
Project Name: Road Improvement and Institutional Development Project
Report Date:
Lesson
More careful assessment of results of institutional capacity reviews during project processing could avoid major revision of project components dealing with institutional capacity.

Project Number: 41076-044
Project Name: Road Improvement and Institutional Development Project
Report Date:
Lesson
In addition to assessing the value chain and market conditions, the technical viability and suitability of the business model and deployment mechanism should be tested prior to the large-scale dissemination of new technologies.

Project Number: 43207-013
Project Name: Market Transformation through Introduction of Energy-Efficient Electric Vehicles Project
Report Date:
Lesson
A multitranche financing facility (MFF) that initially focuses on piloting, capacity building, behavioral and technology change management, and the establishment of a more robust financial intermediation mechanism may have been more appropriate for this project.

Project Number: 43207-013
Project Name: Market Transformation through Introduction of Energy-Efficient Electric Vehicles Project
Report Date:
Lesson
Besides being managed by the most suitable executing agency (EA), onlending schemes need to be informed by a robust assessment of stakeholder capacity and commitment to borrow, which should consider feedback from all relevant groups.

Project Number: 43207-013
Project Name: Market Transformation through Introduction of Energy-Efficient Electric Vehicles Project
Report Date:
Lesson
It is important to pay particular attention to the risk bearing as well as overall project management capacity of entities when conducting stakeholder mapping.

Project Number: 43207-013
Project Name: Market Transformation through Introduction of Energy-Efficient Electric Vehicles Project
Report Date:
Lesson
Projects involving a behavioral change need to have a full-fledged change management component and engage in more consultations with direct stakeholders.

Project Number: 43207-013
Project Name: Market Transformation through Introduction of Energy-Efficient Electric Vehicles Project
Report Date:
Lesson
Introduction of new technologies, particularly those involving more than a like-for-like replacement of the ones already in use, requires collaboration with experts and private suppliers throughout the design, testing, and repeated price discovery stages.

Project Number: 43207-013
Project Name: Market Transformation through Introduction of Energy-Efficient Electric Vehicles Project
Report Date:
Lesson
Project implementation highlights the importance of increased accountability and ownership by all stakeholders in achieving the project’s intended outcome. This, along with a well-designed capacity building intervention for implementing agencies, would help facilitate timely implementation and achievement of project results. Complex projects with many components and a wide geographical coverage require a high level of government commitment and ownership.

Project Number: 37749-013
Project Name: Agrarian Reform Communities Project II
Report Date:
Lesson
Ensuring that an acceptable cost-sharing arrangement is in place at the outset, prior to project launch, can help minimize project risks. The rural infrastructure component comprising 80% of total actual project cost was not achieved largely as the LGUs were unable to raise the required counterpart contributions. Moreover, it is essential that appropriate due diligence and risk assessment are undertaken and that risk mitigation measures concerning the financial capability of participating local governments are identified at the outset.

Project Number: 37749-013
Project Name: Agrarian Reform Communities Project II
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
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:
CSV