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Lesson
The program grant enabled the Revenue Equalization Reserve Fund (RERF) drawdown to be reduced in 2014 and expedited reforms. Ongoing actions under the post-program partnership framework can be combined into a multi-year matrix linked to ongoing budget support. The program also highlighted the importance of partnership (with government and other development partners) through creation of a joint policy matrix.

Project Number: 47314-001
Project Name: Strengthening Fiscal Stability Program: Program Completion Report
Report Date:
Lesson
The grant pre-conditions were an incentive for the government to reform state owned enterprise (SOE) governance and operation and improve management of government revenue, expenditure, assets, and liabilities. An ongoing ADB technical assistance (TA) was timely in supporting SOE reforms that preceded and continued after grant release.

Project Number: 47314-001
Project Name: Strengthening Fiscal Stability Program: Program Completion Report
Report Date:
Lesson
Technical assistance is usually expected in order to assist the borrower and theexecuting agency to achieve the program’s policy requirements. On the other hand, having theleverage of a relatively large amount of grant or loan funding can often provide an incentive forgovernments to institute policy measures on a timely basis when they might otherwise bedelayed or avoided due to internal resistance or inertia.

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