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Lesson
The DMF must be clear in its formulation of the details so that these could be used to confirm if the indicator targets were indeed achieved. The DMF in the TAR would have benefited from clearer indicators to (i) distinguish the Output 1 report from the Outputs 2–3 reports, (ii) specify the intended avenue for publishing reports, (iii) align the number of countries to be visited for the international study tour with the TAR’s main text, and (iv) have greater detail on the composition of training and workshop participants.

Project Number: 48010-001
Project Name: Study on Local Financial Market Development and Supervisory Framework
Report Date:
Lesson
The DMF should provide clear plans for the study publications. The DMF planned that the TA studies be published, but it did not specify where these would be published. These studies may be used both within the PRC and in other ADB member countries, and plans to publish them in ADB’s website or in other widely accessible knowledge websites should be specifically stated. If the studies require editing or translation to meet publication criteria, time and budget should be included to complete their publication.

Project Number: 48010-001
Project Name: Study on Local Financial Market Development and Supervisory Framework
Report Date:
Lesson
Specific details of the measures that were adopted, and the timing of their adoption provide a useful practice advice for future policy support through TAs. The TCR reported that the policy recommendations were accepted by the FAOL and were being incorporated into the revised rules and in the regulatory framework for local financial markets in the PRC. It would be useful to expand on this to share knowledge of the time and process required to achieve these intended results.

Project Number: 48010-001
Project Name: Study on Local Financial Market Development and Supervisory Framework
Report Date:
Lesson
The TCR could have elaborated on the need for consultants to ably navigate (or be supported to navigate) the consultant management system to ensure timely closure of TA accounts.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
The TCR could have TCR could have provided further details about the national agenda/initiatives from India, Indonesia, and the PRC (Green Finance Initiative) brought about by the experience in developing this regional AMF. Based on the wrap-up workshop brief, staff from the East Asia Deparment, Central and West Asia Department, Office of the Special Project Facilitator, South Asia Department, and Sustainable Development and Climate Change Department, were present. Such details and other lessons from the Manila wrap-up workshop could have been mentioned in the TCR as well.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
The TCR could have further discussed the benefits or disadvantages of having government agencies as local partners, such as the Policy Research Bureau of the China Banking and Insurance Regulatory Commission, facilitate workshop organization and implementation.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
The strong support of the executing and implementing agencies clearly contributed to the sound outputs of the TA. This was facilitated by effective prior engagement in defining TA design.

Project Number: 48010-001
Project Name: Study on Local Financial Market Development and Supervisory Framework
Report Date:
Lesson
TA designs can better consider the need for a large pool of international consultants where tasks may be fulfilled within one consultant position. Due to the absence of qualified applicants for one international consultant position, it was necessary to merge the tasks of this position with that of a separately recruited specialist. This had no adverse effect on TA implementation or success and produced savings. However, TA designs could give closer consideration to such a merging of roles when practical, rather than recruiting a larger number of consultants than may actually be needed.

Project Number: 48010-001
Project Name: Study on Local Financial Market Development and Supervisory Framework
Report Date:
Lesson
The TA project benefitted from a broad network of partners from the PRC and independent accountability mechanism that contributed to mobilizing a large number of workshop participants and to getting rich inputs to improve the quality of the initial draft of the regional framework.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
For a TA project that is policy-related, buy-in of target countries is very important in realizing the outputs and results.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
Collaborating with a wider network of stakeholders which may sometimes be time consuming certainly improves the quality of results.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
India, Indonesia and the PRC all expressed the need for capacity building TA project and support to tailor the generic accountability mechanism framework to their country situation.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
Knowledge sharing on the AMF should be supported by a national government agency for it to be effective. The development of the national AMF in the PRC moved forward because a key policy regulatory agency led it with support from the TA project.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
It is not only the competence of consultants that is important but also their ability to navigate the consultant management system that determines timely closure of TA accounts.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date:
Lesson
The three-country experience showed replication and scaling up depends on country context and government buy-in.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date: