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Lesson
Support cannot be directed to the most vulnerable in a crisis in the absence of a social protection system that can be utilized or adapted for this purpose—which provides an additional reason for working with developing member countries to establish and strengthen such systems.

Project Number: 54346-001
Project Name: COVID-19 Rapid Response Program
Report Date:
Lesson
Clear identification and selection of appropriate performance target indicators during the project design stage supports the achievement of a project’s intended outcome. Adequate technical assessment on outcome and output target indicators facilitates clear tracking and measure of project’s achievement at completion. Furthermore, the importance of target indicators and its consistency between outcome and output statements are essential to demonstrate the project results.

Project Number: 44240-014
Project Name: Thimphu Road Improvement Project
Report Date:
Lesson
The provision of technical assistance to support the project preparatory stage and capacity of the executing and implementing agencies enhances the quality of project administration. For example, building the capacity skill set of agencies on financial and procurement management prior to the onset of a project would benefit the timely execution of procurement activities and civil works. This helps in reducing any potential risk that could arise because of delayed start-up and/or implementation.

Project Number: 44240-014
Project Name: Thimphu Road Improvement Project
Report Date:
Lesson
The importance of ex-post monitoring as results of policy-based loans are expected to fully materialize after implementation period. In this regard, mechanisms, such as the post-program engagement framework , established as part of program design allows for monitoring of results over the longer term and helps in promoting sustainability of the program.

Project Number: 51252-003, 51252-004, 51252-005
Project Name: Financial Market Development Program (Subprograms 1, 2, and 3)
Report Date:
Lesson
In terms of project design, in-depth analysis of various loan modality options and risks assessment, taking in consideration the ountry’s huge capacity and institutional gaps, can help design an appropriate loan modality. For example, a sector lending, which can also run for a decade and sustain capacity support to the sector, requires a sector analysis that covers a thorough analysis of the factors that affect the performance of the sector, including policy, institutional or regulatory frameworks, as well as the sustainability of the investment.

Project Number: 40173-044
Project Name: Highlands Region Road Improvement Investment Program - MFF and Project 3
Report Date:
Lesson
Given the flexibility of the multitranche financing facility, if necessary, regular updating and revisions of project design and monitoring frameworks, including baseline data, are expected; thus, proper documentation of these changes can help improve assessment at completion. In addition, assessment of project impacts critically depends on the collection and analysis of project and other data. The establishment of a project performance management system is crucial in this regard.

Project Number: 40173-044
Project Name: Highlands Region Road Improvement Investment Program - MFF and Project 3
Report Date:
Lesson
In-depth analysis of the sector’s constraints and challenges both internally and externally, including the institutional arrangements and policies, can provide more realistic implementation of reforms focused on road maintenance.

Project Number: 40173-044
Project Name: Highlands Region Road Improvement Investment Program - MFF and Project 3
Report Date:
Lesson
No new lessons

Project Number: 54183-001
Project Name: COVID-19 Active Response and Expenditure Support Program
Report Date:
Lesson
More effective utilization of consultants helps improve project implementation. As the international consultants are selected based on the experience and expertise in engineering and project management, they are required to remain in close proximity to the project site and assist in the development and monitoring of project and subproject programs. They have the capacity for assuming a stronger advisory role for a project to be successful.

Project Number: 41504-023
Project Name: Town Electrification Investment Program - Tranche 1
Report Date:
Lesson
Properly defining technical parameters ensures successful project implementation. The required equipment for end terminals, estimated to cost $0.5 million, was omitted from the pertinent package; thus the $29.1 million investment was idle. The target annual power generation of 60 gigawatt-hours was an overestimate as it required securing agreements for purchasing 40% of the output of the private sector’s biomass power projects and an optimistic utilization factor of 70% of the run-of-river HPPs.

Project Number: 41504-023
Project Name: Town Electrification Investment Program - Tranche 1
Report Date:
Lesson
Well-formulated baseline data and indicators at appraisal permit more effective monitoring of project performance and achievements. Such benchmark data will help in facilitating the results assessment and improve the PCR’s clarity with respect to the project’s achieved outputs.

Project Number: 43200-024
Project Name: Bridge Replacement for Improved Rural Access Sector Project
Report Date:
Lesson
Greater consideration of the capacity of the executing agency with respect to their investment planning, coordination, and implementation functions, as well as post-investment operation and maintenance activities, is crucial for a sector lending. Under the project, these factors were not adequately assessed in the sector analysis. This absence of sector analysis likely contributed to the low quality of project implementation and pertinent government agencies’ performance.

Project Number: 43200-024
Project Name: Bridge Replacement for Improved Rural Access Sector Project
Report Date:
Lesson
Better estimation of generated traffic—based on “with-the-project” and “without-the-project” traffic forecasts—helps avoid the overestimation of vehicle operating cost savings. This is also a better approach in cost– benefit analysis and minimizes the overestimation of a project’s economic viability indicator (i.e., EIRR)

Project Number: 40173-043
Project Name: Highlands Region Road Improvement Investment Program - Project 2
Report Date:
Lesson
The collection of data on project socioeconomic benefits allows better assessment of a project’s development results. Projects that establish project performance management systems are likely to assess the economic viability and development impacts of road projects more accurately.

Project Number: 40173-043
Project Name: Highlands Region Road Improvement Investment Program - Project 2
Report Date:
Lesson
Weak entrepreneurial skills, lack of financial literacy, and lack of viable projects affect the bankability of potential microfinance clients. Business development skills training primarily aimed at capacity development, skills transfer, financial literacy, and business advice help in enhancing the bankability of clients as well performance and viability of their businesses.

Project Number: 44304-013
Project Name: Microfinance Expansion Project
Report Date: