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CSV
Lesson
ADB should explore how to link up ACMF initiatives with other departments of ADB to scale up and so the substantial technical work with ACMF can be made operationally relevant. ACMF’s initiatives on green bonds and corporate governance can help ASEAN member countries develop their capital markets and improve corporate governance standards of PLCs. There is also potential replication to other regional groupings outside ASEAN including the Central Asia Regional Economic Cooperation.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
The Japan Ministry of Finance and Japan International Cooperation Agency have been strong supporters of ACMF. ADB staff should explore opportunities to collaborate with these stakeholders in the implementation of future TA projects to provide visibility for their support and leverage on their role within the government and the private sector in Japan. The green bond study visit to Tokyo supported under this TA was a good start.The Investment Climate Facilitation Fund is a good source of TA funding forregional cooperation and integration.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
More engagement of local experts is needed plus technical training from and exchanges with lead experts on relevant common/local issues. This will also support intensified activities and follow up at national and subnational levels.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
This validation notes that the TA on "Early Harvest" Implementation of the Cross-Border Transport and Trade Facilitation in the GMS, was approved on 22 October 2020, with an amount of $1.5 million financed by the United Kingdom Fund for Asia Regional Trade and Connectivity under the Regional Cooperation and Integration Financing Partnership Facility (footnote 19). The TA report indicated that it has been designed to build on the outputs delivered by the present cluster RETA.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
Subsequent TA to continue support to transport services liberalization in the GMS is being finalized. Funding of $1,500,000 under United Kingdom Government of Asia Regional Trade and Connectivity Fund has been secured.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
While TTF covers a large number of issues, the attempt in subproject 1 to design a single TA to cover all aspects lead to a lack of balance and feasible progress across all outputs. Subproject 2 narrowed the focus based on the mid-term review of subproject 1 (i.e. traffic rights exchange and customs transit issues) for more feasible progress in line with the GMS member country positions.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
The key outputs in GMS TTF involve market liberalization and preferential treatment, e.g. exchange of traffic rights, resulting from negotiations between GMS Transport Ministers. As such, while engaging a lead expert to supervise various inputs to the implementation was effective at a technical level, intensive involvement of ADB staff is still required for policy dialogue at senior and ministerial levels in the GMS countries.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
Potential scaling up of the TA may be achieved by linking with operational planning in the transport sector, particularly in upgrading road conditions in the countries to enable them to open new routes for transport liberalization.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
Partnership is important particularly in TTF, where many development partners have bilateral cooperation with the countries focused on national level implementation. There is a need to make sure coordinated support is provided to ensure consistency and effectiveness with broader multilateral (World Trade Organization and World Customs Organization) and regional (ASEAN) initiatives. Where co-financing is secured, close coordination of the co-financier’s bilateral cooperation needs to be ensured.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
Given the multisectoral nature of TTF (i.e. it requires various areas of expertise such as transport, agriculture, trade and trade facilitation), the implementation arrangements of such TA require stronger coordination among and between sectors. Implementation requires coordination at national, subnational and subregional levels, with enhanced involvement of ADB resident missions as needed.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
High level political commitment and active stakeholder participation is crucial. The Ministers’ decision to meet more often (up to twice a year rather than every three years) proved an effective incentive for countries to deliver the agreed follow up, as officials needed to report positive progress in their respective countries at the ministerial meetings.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
The strategic oversight of funds is enhanced when their governance structure includes some form of third-party engagement. The original Board paper outlined the governance structure of CCF and included at its apex ADB and external financing partners, whose function would be to provide strategic direction to the CCF and to meet ADB for annual consultations and to review progress, administration, and the annual work program. Since there are no external financing partners, ADB sits alone at the apex of the governance structure.

Project Number: No PN
Project Name: Climate Change Fund, 2008–2019
Report Date:
Lesson
Technical assistance with a narrow focus, immediate policy relevance, and carried out with national champions with financial and/or planning authority was key to the successful integration of climate technologies in country investment plans. Careful and realistic planning is required for the production and dissemination of outputs, since this involves multiple institutions within a given timeframe.

Project Number: No PN
Project Name: Climate Change Fund, 2008–2019
Report Date:
Lesson
Institutional capacity development on climate change in ADB’s DMCs requires long-term engagement. Just over half of CCF resources went toward capacity development. The lack of basic climate data, technical expertise, and qualified local staff in many DMCs means that some processes, especially baseline studies, vulnerability assessments, and cost–benefit analysis of mitigation and adaptation measures, have to be adjusted to reflect realities on the ground.

Project Number: No PN
Project Name: Climate Change Fund, 2008–2019
Report Date:
Lesson
Partnership with institutions, like the International Monetary Fund and those from developed counterparts like the Bank of Italy, has enabled us to work together and tap relevant expertise.

Project Number: 47146-001
Project Name: Macroeconomic Modelling for Improved Economic Assessment
Report Date:
CSV