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Lesson
The linkage agreed between the BOJ and the HKMA has the potential to set an example in the region and beyond.

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
The timing needed to reach regional agreement on sensitive matters is inherently difficult to predict. The use of optimistic targets may help motivate progress. However, the risks of delays in such projects need to be explicitly recognized.

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
Replication: Within ADB, the SDCD cost center has been established to develop GCF project proposals. Scaling up: It would require additional project preparation facilities, trust fund resources, and climate TA projects alongside ADB projects. Skills within SDCD have been developed but continue to rely on TA consultant support for implementation. The TCR, thus, recommended for a way forward.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
Based on the TCR narrative, the TA prepared some technical documents and accessed new mechanisms for climate finance. The approved GCF proposals were examples. While the TA made some efforts to increase awareness and disseminate knowledge via the in-country consultations, there was no clear evidence or assessment that the target audience was more aware of the technical materials presented, and had adopted the same, thereby, building institutional capacity. Adopting national or sectoral policies or legal standards, or any academic literature was not mentioned in the TCR.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
This validation adds the need to adopt a more realistic timeline where funding sources are uncertain or unknown.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
This validation adds that pioneering the GCF proposals with a strong SDCD team, like in Mongolia, will provide a sound template and be an effective way to demonstrate success for the subsequent proposals.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
External NDF cofinancing and GCF climate finance partnerships were referenced here, and lessons provided were very broad, and not supported by evidence in the TCR. Internal ADB partnerships were not mentioned in the TCR, which would be important for encouraging broader adoption and sustainability of respective DMCs’ TA efforts via the country dialogue processes.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
This section in the TCR presents several findings including that increased readiness for finance access is different from the actual capacity to access finance and is highly context-specific to the type of project for which finance is required, the sources of finance being tapped, and individual DMC priorities and circumstances—this is a generalizable lesson in planning and relates to having some degree of flexibility to adapt to the evolving context given that this is a new area of work for the ADB as well as the DMCs.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
Early engagement with ADB project teams to frame projects as climate relevant, as well as early engagement with external climate finance providers facilitated mobilization of timely resources—this lesson on early and proactive engagement is generalizable for implementation and delivery. Although it may be inferred, no clear evidence is provided for the value added of promoting knowledge exchange among DMCs.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
The TCR mentioned the usefulness of a flexible approach to drafting consultant’s terms of reference such that they are broad based—this is a generalizable lesson in managing staff and consultant resources, and useful in the context of limited availability of climate finance specialists.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
The TCR found that close interaction between DMC stakeholders and climate finance providers was essential to create buy-in from all parties. The TCR did not provide evidence or data to support the level of adoption or commitment to TA efforts, or other evidence of continuing action and sustainability after TA completion.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
The TCR did not mention this dimension explicitly in the document. In-country ownership by government and/or private sector would be required to consolidate gains.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
Better assessment on the demand from operational departments was deemed needed as well. The change in scope kept the TA project relevant despite the fast-paced nature of the environment it was trying to address.3 A change in scope may be ideal for ICT-related TA projects as the technology advances can move quite quickly.

Project Number: 48240-001
Project Name: Information and Communication Technology for Development Initiative Facility in Asia and the Pacific
Report Date:
Lesson
This reflects one of the outputs being delivered by this TA project and how it was undertaken. The contribution of this TA project in knowledge building, especially in building the capacity of DMCs was not highlighted.

Project Number: 48240-001
Project Name: Information and Communication Technology for Development Initiative Facility in Asia and the Pacific
Report Date:
Lesson
Other lessons that can be used when replicating or scaling up some aspects of this TA project were not mentioned. Based on the guidelines, replication occurs when results of the TA project can be copied in other areas. Evidence of scaling up can involve mainstreaming the TA project process into wider development pathway.

Project Number: 48240-001
Project Name: Information and Communication Technology for Development Initiative Facility in Asia and the Pacific
Report Date: