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Displaying 46 - 53 of 53

Lesson
Long-term perspective. The master plan - with a medium-term vision and strategies for capital market development - provided the government and regulators with a set of long-term objectives to guide and shape policy design and implementation.

Project Number: 41325-013
Project Name: Capital Market Development Program
Report Date:
Lesson
Strong coordination. The CMDWC (Capital Market Development Working Committee) and its sub-committee provided a platform for strong coordination among regulators and with market institutions. The Capital Market Development Master Plan was drafted by the sub-committee and endorsed by the committee through a highly consultative process, which greatly helped in fostering a sense of ownership.

Project Number: 41325-013
Project Name: Capital Market Development Program
Report Date:
Lesson
It is problematic to use a country's overall position in the Doing Business report to monitor progress in improving the business environment and overall competitiveness. The report has been subject to criticism and methodological problems have been identified. Its usefulness for monitoring progress in similar programs lies more in monitoring the country's performance over time - particularly in indicators that are not sensitive to the representative case used by the World Bank team - rather than measuring progress against other economies.

Project Number: 41544-022
Project Name: Investment Climate Improvement Program
Report Date:
Lesson
Despite an improvement in the business environment, firms in the Kyrgyz Republic have had limited progress in developing new productive capabilities

Project Number: 41544-022
Project Name: Investment Climate Improvement Program
Report Date:
Lesson
Implementation of institutional reforms under the program was more effective and efficient when there was an adequate and detailed blueprint with clear and measurable results indicators, as well as where project-type implementation arrangements were in place to facilitate the change process (e.g., the business registration system or the new inspection process for tax administration were supported by detailed blueprints and financed through investment projects). The $2.9 million grant approved under the program cluster was thus very useful.

Project Number: 41544-022
Project Name: Investment Climate Improvement Program
Report Date:
Lesson
Traffic forecasts should be much more realistic, and reflect impacts of follow on projects on expected usage. Similarly, more effort should be taken to establish sustainable asset management systems, supported by credible sources offunding.

Project Number: 41121-023
Project Name: CAREC Transport Corridor 1 (Zhambyl Oblast Section) [Western Europe–Western People’s Republic of China International Transit Corridor] Investment Program (Project 1)
Report Date:
Lesson
No new lessons

Project Number: 35376-033
Project Name: Customs Modernization Project
Report Date:
Lesson
The adequacy and appropriateness of project design have to be tailored to the project’s ultimate objectives and complexities. The PCR provided weak justification of the relevance of the extension and the insufficiency of indicators.

Project Number: 39662-012, 39662-022
Project Name: Prevention and Control of Avian Influenza in Asia and the Pacific
Report Date: