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Lesson
The timely design and execution of a results-based monitoring system is an important means of collecting and reporting project outputs and outcomes in a disaggregated way during project implementation, and carrying out an objective impact evaluation upon completion.

Project Number: 34308-022
Project Name: Commercial Agriculture Development Project
Report Date:
Lesson
Designing the project with mechanisms for communication and coordination between existing government institutions in project districts and project management structures can facilitate smooth project implementation and monitoring. This also ensures that sector offices will provide beneficiaries with follow-up services after project completion.

Project Number: 34308-022
Project Name: Commercial Agriculture Development Project
Report Date:
Lesson
An important aspect of CMDP II (Second Capital Market Development Program) was using a crisis as an opportunity to push reforms. This was reflected in CMDP II design that resulted in mutually reinforcing actions that simultaneously addressed the causes behind the crisis and expanded the financial sector to meet the needs of the real sector. In this regard, fundamental reasons for the crisis were the falsification of financial statements and the consequent exploitation of small investors. The accreditation system for auditors will help promote market information credibility.

Project Number: 43477-013
Project Name: Second Capital Market Development Program
Report Date:
Lesson
Several sustainability lessons from CMDP II (Second Capital Market Development Program) may be relevant to future interventions. A key aspect was following an integrated approach fostered through consultations. Policy coordination under CMDP II resulted in ensuring identification of responsibility and minimal replication of effort. In addition, CMDP II correctly understood the shortcomings in the government's response to the crisis, related to poor surveillance and failure to address the underlying causes in weak governance and incompatible incentives.

Project Number: 43477-013
Project Name: Second Capital Market Development Program
Report Date:
Lesson
No new lessons

Project Number: 41149-013
Project Name: Private Sector Development Project
Report Date:
Lesson
No new lessons

Project Number: 41122-013
Project Name: Road Corridor Investment Program–Tranche 2
Report Date:
Lesson
Subloan database. The reimbursement applications made by the PFIs (participating financial institutions) to the implementing agency were not standardized; the PFIs used different spellings in fields and the fields were different as well. This made analyzing the subloans for all 13,465 SMEs (small and medium-sized enteprises) (on the basis of location, industry, etc.) virtually impossible. The database would have been more effective if a standard reporting template with all required fields and their probable values had been prefixed.

Project Number: 36200-013
Project Name: Small and Medium-Sized Enterprise Development Project
Report Date:
Lesson
Women entrepreneurs. The SMEDP (Small and Medium-Sized Enterprise Development Project) disbursed 6.4% of the total facility to women-led SMEs, falling short of the target of 15.0%. Initial disbursements under this component were slow due to a lack of market awareness among women entrepreneurs. The target was also overly optimistic to comply with the provisions set out in the Refinance Scheme for Women Entrepreneurs of SME, given that the percentage of SME loans disbursed to women entrepreneurs was 3.4% - 3.9% during 2010 - 2013.

Project Number: 36200-013
Project Name: Small and Medium-Sized Enterprise Development Project
Report Date:
Lesson
NBFIs (nonbank financial institutions) find the refinancing scheme more valuable. The funds disbursed through NBFIs increased to 48% of total facility for the SMEDP (Small and Medium-Sized Enterprise Development Project) compared to 20% for the previous SMESDP (Small and Medium Enterprise Sector Development Program). At the national level, banks and NBFIs disbursed SME loans at a rate of 87.8% and 2.2% in 2013.

Project Number: 36200-013
Project Name: Small and Medium-Sized Enterprise Development Project
Report Date:
Lesson
Data availability. There is no comprehensive, standardized, and updated database on the SME (small and medium-sized enterprise) sector that also includes cottage and micro enterprises. It is challenging to acquire reliable basic statistics, such as the number of SMEs and SME employment. The Sixth Five- Year Plan, 2011 - 2015 recognized the lack of data as a barrier to understanding the role of SMEs.

Project Number: 36200-013
Project Name: Small and Medium-Sized Enterprise Development Project
Report Date:
Lesson
Definition of SME (small and medium-sized enterprise). The Ministry of Industries defines enterprises as cottage, micro, small, medium, and large enterprises, on the basis of'employment' and'fixed investment'. As SMEs, by definition, refers to small and medium-sized enterprises, the nomenclature is frequently misunderstood and used inappropriately to address cottage and micro enterprises as well. Surveys show that cottage and micro enterprises constitute 97% of all industries by number and employ 41% of the nonagricultural workforce.

Project Number: 36200-013
Project Name: Small and Medium-Sized Enterprise Development Project
Report Date:
Lesson
No new lessons

Project Number: 36296-013
Project Name: Second Urban Primary Health Care Project
Report Date:
Lesson
No new lessons

Project Number: 33218-013
Project Name: Regional Development Project, Phase II— Environmental Infrastructure and Management
Report Date:
Lesson
Financial crises may pressure a government to initiate policy reforms, and provide opportunities for development partners to introduce international best practices through policy-based loans. A key challenge in this context is to ensure that reforms introduced in response to emergency conditions are sustained in the post-crisis period. For the program, implementation of policy actions progressed as planned, and tranche 2 policy actions were achieved ahead of schedule, illustrating the broad political and institutional commitment to continued and sustainable reforms.

Project Number: 46371-001
Project Name: Strengthening Economic Management Program
Report Date:
Lesson
Policy reforms are largely politically driven. The involvement and roles of government, stakeholders and politicians and the benefits to each party are important considerations in the design and implementation of policy-based loans. With a change in government in 2013, actions initiated under the program could have been altered, reversed or subject to delays or resistance. However, the program initiatives were fully endorsed by the new government, demonstrating that the program was well thought out and designed to transcend politics.

Project Number: 46371-001
Project Name: Strengthening Economic Management Program
Report Date: