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Lesson
A well-designed project performance management system (PPMS) from the outset can enhance the quality of economic analyses. This system facilitates the systematic collection of data on project benefits and pertinent metrics, enabling the monitoring of project performance until completion. Specifically, monitoring the project's progress, identifying areas for improvement, and collecting socioeconomic data through a PPMS, could all help establish a comprehensive assessment of a project’s development results and improve the quality of economic analysis.

Project Number: 41403-013
Project Name: Urban Water Supply Project
Report Date:
Lesson
The impact of the cross-border facility (CBF) in the project completion report. Data on traffic and trade flows in and out of Cambodia can provide a before and after assessment. This helps in determining the impact and benefits of improving a CBF.

Project Number: 43309-013
Project Name: Provincial Roads Improvement Project
Report Date:
Lesson
A well-designed monitoring and evaluation system helps ensure proper attribution of project investments to the achieved outcomes, at project completion. Specifically, a monitoring and evaluation system, with sufficient and dedicated staff, could monitor and assess pertinent project-related data. These help in corroborating that systematically gathered information during implementation is indeed the result of a project’s intervention.

Project Number: 40190-013
Project Name: Greater Mekong Subregion Flood and Drought Risk Management and Mitigation Project
Report Date:
Lesson
A project performance monitoring system (PPMS) based only on implementation and gender data has limited usefulness. To adequately evaluate the impact of a project and estimate its economic internal rate of return that reflects the primary and secondary benefits of the project, a PPMS needs to include the economic data of project beneficiaries, e.g., avoided economic losses.

Project Number: 40190-013
Project Name: Greater Mekong Subregion Flood and Drought Risk Management and Mitigation Project
Report Date:
Lesson
Without a comprehensive and robust design and monitoring framework (DMF) and without undertaking the necessary updates, the level of project achievements against targets cannot be ascertained. In this project, the scale and character of planned physical works in one scheme were substantially altered during implementation, but the impact of this change on project effectiveness cannot be properly captured by the indicators in the DMF. Similarly, without conducting baseline and impact assessments, the economic viability of project investments cannot be reliably established.

Project Number: 40190-013
Project Name: Greater Mekong Subregion Flood and Drought Risk Management and Mitigation Project 
Report Date:
Lesson
A clear design and monitoring framework (DMF) allows procurement and implementation documentation to be linked to performance monitoring, and for all the monitoring requirement to be reflected in a comprehensive project administration manual. This was one facet of the project DMF that made it effective in tracking progress and facilitating timely and success project implementation.

Project Number: 44328-013
Project Name: Uplands Irrigation and Water Resources Management Sector Project
Report Date:
Lesson
Projections about the impact of road projects should be realistic and adequately consider the accessibility of the roads to be built to communities. The impact statement in the design and monitoring framework about increased access to markets, jobs, and social services in the 4 project provinces should have been restricted to the 10 districts along the project roads, as the project roads could not generate impacts in farther areas. Performance Indicators and targets should also consider data availability and baselines that proved to be limited in at least one of the project provinces.

Project Number: 43309-013
Project Name: Provincial Roads Improvement Project
Report Date:
Lesson
Projections about the impact of road projects should be realistic and adequately consider the accessibility of the roads to be built to communities. The impact statement in the design and monitoring framework about increased access to markets, jobs, and social services in the 4 project provinces should have been restricted to the 10 districts along the project roads, as the project roads could not generate impacts in farther areas. Performance Indicators and targets should also consider data availability and baselines that proved to be limited in at least one of the project provinces.

Project Number: 43309-013
Project Name: Provincial Roads Improvement Project
Report Date:
Lesson
Projections about the impact of road projects should be realistic and adequately consider the accessibility of the roads to be built to communities. The impact statement in the design and monitoring framework about increased access to markets, jobs, and social services in the 4 project provinces should have been restricted to the 10 districts along the project roads, as the project roads could not generate impacts in farther areas. Performance Indicators and targets should also consider data availability and baselines that proved to be limited in at least one of the project provinces.

Project Number: 43309-013
Project Name: Provincial Roads Improvement Project
Report Date:
Lesson
Projections about the impact of road projects should be realistic and adequately consider the accessibility of the roads to be built to communities. The impact statement in the design and monitoring framework about increased access to markets, jobs, and social services in the 4 project provinces should have been restricted to the 10 districts along the project roads, as the project roads could not generate impacts in farther areas. Performance Indicators and targets should also consider data availability and baselines that proved to be limited in at least one of the project provinces.

Project Number: 43309-013
Project Name: Provincial Roads Improvement Project
Report Date:
Lesson
A high degree of borrower’s commitment and accountability is crucial to project implementation and success. The capacity of the borrower and agencies to provide timely response and adequate support from start-up to completion are critical in overcoming implementation challenges. It is crucial that agencies help in ensuring timeliness and availability of sufficient support to reduce any unnecessary delays.

Project Number: 38560-022
Project Name: Second Rural Water Supply and Sanitation Sector Project
Report Date:
Lesson
There are strong potential welfare gains to smallholder farmers and their communities by improving access to clean energy and learning the practices and mechanisms of climate-friendly agriculture developed and encouraged by this TA. This scaling-up potential to an ever-wider diversity and number of stakeholders can be a next logical step, and require s careful consideration how the maximum number of people can be reached with the best efficacy; that is, through a combination of public, private, donor, and other resource means.

Project Number: 39542-022
Project Name: Implementing the Greater Mekong Subregion Core Agriculture Support Program (Phase 2)
Report Date:
Lesson
The way the lesson was formulated in the TCR could be improved (it is stated more like an issue rather than lesson learned). But lessons can be inferred that addressing reputational risk and additional costs for meeting green bonds requirements, ensuring a certain level of market maturity, and establishing clear regulations by market regulators are necessary conditions to the successful attainment of the TA objectives.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
Based on further information provided by ERCD, understanding the additional costs (beyond external review fees) would help in identifying the reasons why there was no second-round issuance (which affects reputation if green status is lost) even though issuers have already invested heavily to establish proper internal system to monitor use of proceeds and provide post-issuance reporting.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
Furthermore, clear regulatory guidance from relevant market regulators are seen as key to promote sustainable finance in ASEAN+3.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+4
Report Date: