Search

Displaying 1 - 13 of 13

Lesson
The Economic Recovery Program (ERP) comprised 59 policy actions - 39 for the first tranche and 20 for the second tranche. The total number of policy actions under the ERP was significantly large and represented a challenge in terms of monitoring and implementation. The number of policy measures should be limited so that ADB can monitor compliance with them effectively throughout the program.

Project Number: 39658-013
Project Name: Economic Recovery Program
Report Date:
Lesson
In Viet Nam legislation is often comprehensive but implementation weak. Implementation required close monitoring on an annual basis and ensured continued relevance to the government's reform progress. While the Poverty Reduction Support Credit operations provided financial support for implementing the whole Socioeconomic Development Plan (SEDP), they disbursed against the upfront completion of a number of specific reform measures identified within the SEDP agenda by consultation between partners and the government, led by the World Bank.

Project Number: 41046-013, 42191-013, 42191-023, 42191-033
Project Name: Support the Implementation of the Poverty Reduction Programs IV and V
Report Date:
Lesson
The Economic Recovery Program (ERP) was developed in close consultation with the government and development partners such as the International Monetary Authority (IMF) and the World Bank through many joint missions, and was designed through a holistic approach. The ADB shared the policy matrix with the IMF and the World Bank and coordinated closely with them in the final design. The ADB also attended the Development Partnership Forum in the Maldives in March 2009 and held discussions with other key development partners.

Project Number: 39658-013
Project Name: Economic Recovery Program
Report Date:
Lesson
The Poverty Reduction Support Credit (PRSC) series served as an effective framework for policy dialogue and interactions between the government and donors. The PRSC exercise also served as a common forum for donors to raise concerns with the government and provided the donors with broad access to a large number of ministries and agencies. The role of cofinanciers under the PRSC evolved from providers of financing to partners engaged in policy dialogue and the preparation of operations.

Project Number: 41046-013, 42191-013, 42191-023, 42191-033
Project Name: Support the Implementation of the Poverty Reduction Programs IV and V
Report Date:
Lesson
Institutionalizing change-management practices among those charged with implementing reforms - such as the efforts undertaken in the Economic recovery Program to provide staff with technical skills to implement new revenue measures at Ministry of Finance and Treasury - requires upgrading of technical and change-management competency. It is necessary to enable government to sustain capacity development programs beyond the life of a program (for example, by providing training experts, particularly to develop soft capacities).

Project Number: 39658-013
Project Name: Economic Recovery Program
Report Date:
Lesson
The new series of programmatic development policy lending is taking this broad lesson into account, driven by a new Socioeconomic Development Plan report (2011-2015). Though focused on two of the four pillars of the last Poverty Reduction Support Credit series, policy coordination that reflects linkages in policy areas requires a strong analytical foundation to inform directions and specific decisions.

Project Number: 41046-013, 42191-013, 42191-023, 42191-033
Project Name: Support the Implementation of the Poverty Reduction Programs IV and V
Report Date:
Lesson
In addition to appropriate reform sequencing, ambitious and complex programs and projects are more likely to succeed if significant attention is given to building the capability and ownership of the relevant stakeholders. The Economic Recovery Program successfully tackled a wide range of issues in a short time, while also contributing significantly to developing capacity at the Ministry of Finance and Treasury.

Project Number: 39658-013
Project Name: Economic Recovery Program
Report Date:
Lesson
The breadth of the reform undertaking and linkages among policy actions across sectors called for a comprehensive approach to dialogue and support by development partners. Several development partners withdrew or reduced their development assistance to Viet Nam, in accordance with their aid practices for middle-income countries. The number of cofinanciers peaked at 11 for Poverty Reduction Support Credits (PRSCs) 6 and 7 and has fallen since, with some impact on the total level of financing under the PRSCs.

Project Number: 41046-013, 42191-013, 42191-023, 42191-033
Project Name: Support the Implementation of the Poverty Reduction Programs IV and V
Report Date:
Lesson
A key consideration in sequencing is that legislative and regulatory reforms require changes in the capacity of institutions, meaning policy and rules; in the organizations charged with implementation; and in the abilities and management practices of responsible government officers. This cascade of legislative and regulatory requirements - from institutions to organizations to people - would seem to provide a strategic sequence for reforms, but, in practice, this is not a linear sequence. Rather, people - officials and stakeholders - are involved from the outset of the reform process.

Project Number: 39658-013
Project Name: Economic Recovery Program
Report Date:
Lesson
A program cluster approach with prior expected actions enveloped by a medium-term framework with flexibility built into its design is an effective approach to supporting government reforms. It promotes continuous dialogue with the government on reforms and allows for program changes to effectively and efficiently respond to new or worsening risks to the economy and shifts in government policy priorities.

Project Number: 41046-013, 42191-013, 42191-023, 42191-033
Project Name: Support the Implementation of the Poverty Reduction Programs IV and V
Report Date:
Lesson
There may be merit in carefully reviewing donor coordination mechanisms to determine if there are more effective ways to coordinate structural and sector programs. If alternative approaches to achieving the same high level of coordination could be formulated, such techniques may allow more resources to be dedicated to each donor's programs and thereby increase the likelihood they will succeed.

Project Number: 43211-013
Project Name: Sixth Development Policy Support Program
Report Date:
Lesson
Numerical targets such as gross domestic product growth rate and poverty incidence should be used with caution, as a global financial crisis can adversely and unexpectedly affect achievement of these targets, as was the case under Development Policy Support Program - 6.

Project Number: 43211-013
Project Name: Sixth Development Policy Support Program
Report Date:
Lesson
The program framework has proven successful in enabling the use of a flexible medium term framework that promotes ownership by the government, as was evident in the Development Policy Support Program (DPSP) series. In addition, the medium-term framework allows changing government priorities to be successfully incorporated, as occurred under DPSP-6.

Project Number: 43211-013
Project Name: Sixth Development Policy Support Program
Report Date: