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Lesson
The post-program monitoring framework (PPMF) is a useful instrument in helping ensure the sustainability of reforms and providing a basis for continued ADB dialogue and support. The PPMF was a useful input to the design of the ADB policy-based loan supporting the Financial Market Development and Integration Program in 2012. It is also a good practice for ADB to support a post-monitoring program with technical assistance. However, the PPMF should monitor not only actions and outputs but also outcomes.

Project Number: 32507-013, 32507-023, 32507-032
Project Name: Capital Market Development Program Cluster (Subprograms 1 and 2)
Report Date:
Lesson
The coverage of accompanying TA to support implementation of the reforms should match the scope and complexity of the program. The $1.5 million TA project was aimed at supporting the continuation of the reforms beyond the CMDPC, including the policy measures in the post-program monitoring framework. The other TA project amounting to $1.2 million TA project, with limited components, supported the implementation of a $600 million loan program with 93 policy actions to be completed by several government agencies.

Project Number: 32507-013, 32507-023, 32507-032
Project Name: Capital Market Development Program Cluster (Subprograms 1 and 2)
Report Date:
Lesson
Program design should be focused and selective, with a limited number of policy actions to ensure effective implementation and monitoring. The CMDPC supported a complex program with 93 policy actions (46 for subprogram 1 and 47 for subprogram 2). Limiting the number of policy actions in a program is consistent with the IED recommendations in the evaluation of ADB assistance to capital market development in 2008.

Project Number: 32507-013, 32507-023, 32507-032
Project Name: Capital Market Development Program Cluster (Subprograms 1 and 2)
Report Date:
Lesson
The long-term nature of capital market development requires a road map with clear sequencing and prioritization of reforms as well intermediate and long-term outcomes, with periodic updating. A longer term and flexible framework for reforms, supported by a timely monitoring and evaluation system, would provide a context for the phasing of reforms and identifying the content of specific programs which typically cover 3–5 year periods.

Project Number: 32507-013, 32507-023, 32507-032
Project Name: Capital Market Development Program Cluster (Subprograms 1 and 2)
Report Date:
Lesson
Multiple developmental financial institutions can work effectively together to create new institutions. All of the agencies involved provided equity and/or debt financing in sufficient amounts to meet the capitalization target and on a coordinated basis to allow IIF to formulate and staff its operations with its own independent management. This project appears to be an important benchmark for cooperative ventures both within ADB (sovereign and nonsovereign operations) and among institutions.

Project Number: 42109-013
Project Name: Infrastructure Financing Facility Company Project
Report Date:
Lesson
An incremental, phased approach to implementing transformational reforms can help reduce political resistance and enhance the sustainability of reforms.

Project Number: 37220-023
Project Name: Sindh Cities Improvement Investment Program - Tranche 1
Report Date:
Lesson
Effective institutional arrangements are critically important to the successful implementation of urban reforms.

Project Number: 37220-023
Project Name: Sindh Cities Improvement Investment Program - Tranche 1
Report Date:
Lesson
Investing in comprehensive, integrated sector packages with a focus on priority cities have a strong impact in achieving urban sector reforms.

Project Number: 37220-023
Project Name: Sindh Cities Improvement Investment Program - Tranche 1
Report Date:
Lesson
Focusing on a few reforms increases the potential for success and impact of 6he government reform agenda.

Project Number: 40009-013, 40009-023, 40009-033
Project Name: Infrastructure Reform Sector Development Program
Report Date:
Lesson
Providing support to line ministries facilitates the attainment of sector policy reforms.

Project Number: 40009-013, 40009-023, 40009-034
Project Name: Infrastructure Reform Sector Development Program
Report Date:
Lesson
Assigning the delivery of new public services in line with the core functions of government agencies leads to better results.

Project Number: 40009-013, 40009-023, 40009-035
Project Name: Infrastructure Reform Sector Development Program
Report Date:
Lesson
A dedicated monitoring system and streamlined procurement process for each component of a comprehensive program enhances performance.

Project Number: 40009-013, 40009-023, 40009-036
Project Name: Infrastructure Reform Sector Development Program
Report Date:
Lesson
A realistic schedule increases the likelihood of project success.

Project Number: 44318-025
Project Name: Housing for Integrated Rural Development Investment Program - Tranche 2
Report Date:
Lesson
ADB deployment of international specialists to work full-time on projects favors successful implementation.

Project Number: 44318-025
Project Name: Housing for Integrated Rural Development Investment Program - Tranche 2
Report Date:
Lesson
Down-streaming housing loans to moderate− and lower−income beneficiaries, with a focus on women, is feasible with the right approaches and activities.

Project Number: 44318-025
Project Name: Housing for Integrated Rural Development Investment Program - Tranche 2
Report Date: