Search

Displaying 1 - 10 of 10

Lesson
Addressing the question, “where is it available?” the ADB policy should encourage the use of country information such as audit reports (both internal audit and external audit) to provide a wider perspective on the success of the program.

Project Number: 47318-001
Project Name: Strengthened Fiscal Sustainability Program
Report Date:
Lesson
ADB’s policy on risk assessment and risk management should be reviewed to allow for a consistent approach within projects, programs, or even across subprograms. Risk assessment is often carried out by considering a matrix of likelihood and consequential severity to define the level of risk (individually and overall) before and after the controls or mitigation strategies are in place. The PCR template should also allow for discussion on risk to explicitly consider whether the risk mitigation strategies had been successful.

Project Number: 47318-001
Project Name: Strengthened Fiscal Sustainability Program
Report Date:
Lesson
Joint donor support in a small country can provide a significant incentive for reform. Joint support provides an incentive because of its potential significance in overall GDP. Nevertheless, it is still important that reform is country-owned. In Kiribati, the government could see the cost of maintaining its existing fiscal policy because of its negative impact on the RERF, so the external shock also provided an incentive to reform.

Project Number: 47314-001
Project Name: Kiribati: Strengthening Fiscal Stability Program
Report Date:
Lesson
Limit the policy matrix to a few critical actions. While Kiribati had an incentive to reform, the country also has limited reform capacity. It needs to focus on a few critical actions and to be clear on the development outcome of each prior action, including identifying an indicator that can be monitored. The requirement where the five largest SOEs were to submit audited accounts may have underestimated the institutional capacity that was required to achieve it.

Project Number: 47314-001
Project Name: Kiribati: Strengthening Fiscal Stability Program
Report Date:
Lesson
Clarity between the policy matrix and the DMF is important for monitoring and evaluating results. A clear line between the prior actions and the overall development outcome is important so that the program achievements can be judged consistently.

Project Number: 47314-001
Project Name: Kiribati: Strengthening Fiscal Stability Program
Report Date:
Lesson
TA support is important. If a TA grant is not directly provided to support reform implementation, it is important to link reforms to existing areas of technical assistance. ADB helped support SOE reforms before and after grant release, so there was existing support in the area, which would continue after the PBL. The program also benefited from the government and development partners creating a joint policy matrix, which listed a series of policy actions that preceded grant release and supported a post-partnership framework.

Project Number: 47314-001
Project Name: Kiribati: Strengthening Fiscal Stability Program
Report Date:
Lesson
No additional lessons

Project Number: 46384-001
Project Name: Public Sector Financial 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:
Lesson
TA enhances the sustainability of the reform process.

Project Number: 47318-001
Project Name: Strengthened Fiscal Sustainability Program
Report Date:
Lesson
Grants are particularly useful in providing immediate fiscal relief to small and fragile economies.

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