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Lesson
The program, if designed as a multitranche financing facility where disbursements are made under several tranches according to the agreed criteria, can provide better incentives for continued policy reform efforts by the government.

Project Number: 48479-001
Project Name: Economic Growth and Fiscal Reform Program
Report Date:
Lesson
Budget support from multilateral development agencies might encourage long term dependency on such support.

Project Number: 48479-001
Project Name: Economic Growth and Fiscal Reform Program
Report Date:
Lesson
A clearer link between the DMF, policy actions, and the GAP is necessary.

Project Number: 45230-001
Project Name: Women’s Entrepreneurship Support Sector Development Program
Report Date:
Lesson
For a program directly targeting women, GAP targets be integrated more into the program design and included in the DMF.

Project Number: 45230-001
Project Name: Women’s Entrepreneurship Support Sector Development Program
Report Date:
Lesson
The collection of sex-disaggregated data is a key feature of programs that support women and the policy-based loan funds could have been used as leverage to create such database.

Project Number: 45230-001
Project Name: Women’s Entrepreneurship Support Sector Development Program
Report Date:
Lesson
For programs which focus on gender equity, identifying and ensuring that institutions supporting gender are onboard throughout program development and implementation is crucial.

Project Number: 45230-001
Project Name: Women’s Entrepreneurship Support Sector Development Program
Report Date:
Lesson
Strong analytical work supported with sex-disaggregated data is necessary to back-up and sustain the commitments of the government to prioritize interventions directly targeting women.

Project Number: 45230-001
Project Name: Women’s Entrepreneurship Support Sector Development Program
Report Date:
Lesson
Project review missions should consistently follow-up on loan covenant compliance, specifically, the development and operationalization of the project performance monitoring system.

Project Number: 41127-013
Project Name: Bihar State Highways Project
Report Date:
Lesson
ADB should have waited for sufficient time before processing a follow-up loan for the executing agency to fully develop its capacity in project implementation since this was the first loan to Bihar.

Project Number: 41127-013
Project Name: Bihar State Highways Project
Report Date:
Lesson
The IA, the Infrastructure Development Company Limited, could have entered into strategic partnerships with other international organizations to further improve its skill and capacity given the complexity of activities in infrastructure.

Project Number: 40517-013, 40517-042
Project Name: Public–Private Infrastructure Development Facility
Report Date:
Lesson
Unrealistic and overambitious indicators in the DMF should have been raised during the implementation for corrective actions.

Project Number: 40517-013, 40517-042
Project Name: Public–Private Infrastructure Development Facility
Report Date:
Lesson
When attaching additional ‘special features’ to a loan project, it is important to ensure that there is explicit buy in from the borrower and that specific financing is attached to each item.

Project Number: 38174-013
Project Name: Southern Gansu Roads Development Project
Report Date:
Lesson
Within the DMF it would be more helpful if both a baseline and with project scenario can be presented. For this project, this was not the case, which made the attribution of benefits to the

Project Number: 38174-013
Project Name: Southern Gansu Roads Development Project
Report Date:
Lesson
Indicators that measure medium-term lending and sustainability could provide better measurements toward initiating a more sustainable access to SME medium-term lending.

Project Number: 44060-024
Project Name: Small and Medium Enterprise Investment Program (Tranche 2)
Report Date:
Lesson
Regulatory bottlenecks need to be appraised rigorously and continuous policy dialogue with relevant government agencies should have been undertaken by ADB.

Project Number: 44060-024
Project Name: Small and Medium Enterprise Investment Program (Tranche 2)
Report Date: