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Lesson
Active support of relevant government agencies and strong ownership of the project management units contribute significantly to project success. In developing member countries where institutional capacity is weak, it is critical that concerned agencies are both capacitated and committed in achieving the intended results.

Project Number: 43120-013
Project Name: Trade Facilitation: Improved Sanitary and Phytosanitary (SPS) Handling in Greater Mekong Subregion Trade Project
Report Date:
Lesson
Public financial management reform is complex and requires long-term commitment and flexibility to maximize development impacts while remaining relevant to the changing environment.

Project Number: 49041-001, 49041-002
Project Name: Strengthening Public Financial Management Program, Subprogram 1
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:
Lesson
They also identified a lack of local currency green bond issues and the absence of investors with responsible investment mandates as reasons for the immaturity of green bond markets.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+4
Report Date:
Lesson
There are concerns on the additional costs associated with green bond issuances, as well as reputational risk if their bonds lose their green status

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+4
Report Date:
Lesson
Prospects for further cooperation between subnational governments and the private sector in agri-food value chains must be harnessed.

Project Number: 39542-022
Project Name: Implementing the Greater Mekong Subregion Core Agriculture Support Program (Phase 2)
Report Date:
Lesson
There is clear potential for application of the PGS as a mechanism for food safety accreditation of organically produced agriculture products in GMS countries.

Project Number: 39542-022
Project Name: Implementing the Greater Mekong Subregion Core Agriculture Support Program (Phase 2)
Report Date:
Lesson
There is a strong need for additional investments in GMS countries to produce SEAP in response to a growing demand from a rising number of GMS and non-GMS consumers.

Project Number: 39542-022
Project Name: Implementing the Greater Mekong Subregion Core Agriculture Support Program (Phase 2)
Report Date: