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Lesson
Setting output indicators in the design and monitoring framework (DMF) that are the same or identical to policy actions confuses inputs with intended changes generated by policy actions. IED notes that this has been a standard practice for policy-based loans (PBLs) approved under previous ADB guidelines for preparing DMFs. However, going forward, specifying indicators that clearly measure the intended changes of policy actions would facilitate a better assessment of results.

Project Number: 45253-002
Project Name: Third Capital Market Development Program
Report Date:
Lesson
Purposeful selection of outcome Indicators that are easily and regularly monitored is critical in crisis response projects. There is a high level of uncertainty surrounding the duration and impact of a crisis. Thus, choosing outcome Indicators that provide timely and crucial information on the progress of the crisis and the impact of policy measures can help manage a crisis, as it allows to quickly introduce new measures when the situation worsens.

Project Number: 54184-001
Project Name: COVID-19 Active Response and Expenditure Support Program
Report Date:
Lesson
Ensuring that Indicators are specific, measurable, achievable, relevant and time-bound (SMART) is essential to tracking and measuring project results. One project target output was not realistic. The indicator used involves a complex bureaucratic process and requires allocation of revenue budget from the government, which was beyond the project’s scope and administrative boundary.

Project Number: 42248-013, 42248-023
Project Name: Second Chittagong Hill Tracts Rural Development Project
Report Date:
Lesson
The success of an emergency assistance loan can be better measured if the efficiency of the use of loan proceeds can be determined through the computation of an economic internal rate of return for investments, in this case, for the roads. This is to clearly ascertain the degree by which the benefits of the projects outweigh their costs.

Project Number: 49215-001
Project Name: Earthquake Emergency Assistance Project
Report Date:
Lesson
The design and monitoring framework (DMF) should be reviewed and updated as necessary during implementation to ensure continued alignment with other aspects of the program. The outcome and output indicators in the program DMF had been developed at appraisal for achievement over a relatively short period of 24 months. However, when program implementation was extended by 23 months to November 2019, an opportunity was missed to update the targeted dates for the indicators, which were measured about 1 year after the extended program completion date.

Project Number: 45253-002
Project Name: Third Capital Market Development Program
Report Date:
Lesson
Indicators to measure project outcomes should be carefully selected to ensure that they are sufficient, achievable, and aligned with the planned outputs.

Project Number: 43490-013
Project Name: Capital Market and Infrastructure Capacity Support Project
Report Date:
CSV