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Lesson
Policy-based loans should ensure adequate support for reform implementation. Accompanying TA would help clients meet key program targets, such as implementation of the IGF and medium-term budgeting. Policy-based loan design should ensure that TA findings are translated into actions. With the MFEM’s preference for policy-based lending, loan design should ensure strong links between TA and the program being supported.

Project Number: 42503-013, 42503-023
Project Name: Economic Recovery Support Program - Subprograms 1 and 2
Report Date:
Lesson
Policy-based loans are useful instruments for aligning donor activities and securing donor participation. As noted above, donors provide a significant amount of resources, including for capacity building. Various modalities of donor participation and coordination could be explored in the design of policy-based loans, such as inclusion of donor commitment and funding of specific programs and projects (especially in the social sectors, where donors are active) and TA (notably in PFM).

Project Number: 42503-013, 42503-023
Project Name: Economic Recovery Support Program - Subprograms 1 and 2
Report Date:
Lesson
Addressing multiple development challenges in a single operation results in complex program design that is not appropriate where capacity is a key constraint. Narrowing the thematic focus (e.g., infrastructure governance reform) could result in a more coherent program.

Project Number: 42503-013, 42503-023
Project Name: Economic Recovery Support Program - Subprograms 1 and 2
Report Date:
Lesson
Institutional reform requires well-defined and attributable outcomes. Many of the milestones for institutional reform are process related, e.g., cabinet endorsement of the IGF. The outcomes from the institutional reforms are not well-defined, e.g., higher economic and social rates of return. There is a need for closer monitoring and evaluation to determine whether the reforms achieved their objectives. The theory of change and intended results should be well articulated at the outset.

Project Number: 42503-013, 42503-023
Project Name: Economic Recovery Support Program - Subprograms 1 and 2
Report Date:
Lesson
Getting stakeholders’ feedback is vital to ensuring commitment to reforms.

Project Number: 46220-001
Project Name: Infrastructure Sustainability Support Program
Report Date:
Lesson
Continued consultations within ADB relevant units enriches the formulation of a policy reform agenda.

Project Number: 46220-002
Project Name: Infrastructure Sustainability Support Program
Report Date:
Lesson
Policy−based loans (PBLs) have a comparative advantage of providing ADB and partner governments a platform for high−level policy dialogue, which otherwise would be difficult to achieve.

Project Number: 46220-003
Project Name: Infrastructure Sustainability Support Program
Report Date:
Lesson
Fiscal and economic downturns may provide opportunities to improve public financial management.

Project Number: 46220-004
Project Name: Infrastructure Sustainability Support Program
Report Date:
Lesson
Policy reforms, coupled with institutional measures to address system inefficiencies and capacity constraints, enhance the effectiveness of human development interventions.

Project Number: 40003-013
Project Name: Poverty Reduction and Millenium Development Goals Acceleration Program
Report Date:
Lesson
Accurate baseline data and consistently measurable indicators enable a reliable assessment of end−of−project accomplishments.

Project Number: 40003-013
Project Name: Poverty Reduction and Millenium Development Goals Acceleration Program
Report Date:
Lesson
Effective and viable political economy analysis is required to improve the design of reform programs and identify and mitigate risks.

Project Number: 41607-013
Project Name: Mizoram Public Resource Management Program
Report Date:
Lesson
Reform options have to be based on feasible governance risk assessments.

Project Number: 41607-014
Project Name: Mizoram Public Resource Management Program
Report Date:
Lesson
The difficulty of getting good specialists to work on a long−term basis in remote areas such as Mizoram has to be considered in procurement packaging and consultant remuneration.

Project Number: 41607-015
Project Name: Mizoram Public Resource Management Program
Report Date:
Lesson
Procurement capacity building is a must for first−time executing agencies (EAs) of ADB−assisted projects.

Project Number: 41607-016
Project Name: Mizoram Public Resource Management Program
Report Date:
Lesson
Setting policy reforms as conditions for fund releases provides a useful incentive for advance reform actions.

Project Number: 47318-001
Project Name: Strengthened Fiscal Sustainability Program
Report Date: