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Lesson
Timing is essential in the successful implementation of reforms.

Project Number: 52074-001
Project Name: Improved Fiscal Sustainability Reform Program
Report Date:
Lesson
Continued monitoring of the non-tranche policy actions of reform programs is critical to ensuring that these actions are completed on time.

Project Number: 52074-001
Project Name: Improved Fiscal Sustainability Reform Program
Report Date:
Lesson
A successful demonstration project quickly gains replication momentum.

Project Number: 40625-013
Project Name: Lanzhou Sustainable Urban Transport Project
Report Date:
Lesson
It is important for ADB to ensure that eligible projects benefit from the CDM hence the need for it to proactively intervene when needed.

Project Number: 40625-013
Project Name: Lanzhou Sustainable Urban Transport Project
Report Date:
Lesson
Close coordination between subprojects needs to be ensured to enhance project synergy and benefits.

Project Number: 40625-013
Project Name: Lanzhou Sustainable Urban Transport Project
Report Date:
Lesson
Complete project data is vital to the reliable evaluation of project impacts and outcomes.

Project Number: 40625-013
Project Name: Lanzhou Sustainable Urban Transport Project
Report Date:
Lesson
Project management teams need to have enough flexibility to adjust the project scope as opportunities or challenges arise during implementation.

Project Number: 38347-022
Project Name: Information and Communications Technology Development Project
Report Date:
Lesson
Championship, training, and awareness-building facilitate the transition to new, information technology-based business processes and systems.

Project Number: 38347-022
Project Name: Information and Communications Technology Development Project
Report Date:
Lesson
As a member of G20 and an integral part of the ASEAN community, Indonesia has an important role to play on the international stage. Hence, national financial sector development should include international and regional considerations. This can be in the form of international requirements or regional standards such as ASEAN corporate governance and ASEAN green bonds standards. This builds the capacity to meet national development goals, the requirements of the international financial system, and regional development agendas.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
Predicating a program on the passage of a law should be minimized unless there is strong ownership to pass the law from both the executive and the parliament. Relying on development partners to complete the reform (revision of a law) introduces a risk that performance targets will not be achieved. Development partners may have different priorities and timelines that do not necessarily coincide with the requirements of ADB’s program.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
A cross-cutting finance sector program covering financial stability, capital market development, and financial inclusion is viable only in the early stages of development. Initially, this type of engagement is useful for establishing relationships, building trust, and scoping key priority reforms. However, over time, a dedicated program focusing on one subsector or theme is preferable. This would enable ADB to perform comprehensive diagnostics to identify challenges in the subsector, followed by advisory and capacity building support to address these challenges.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
Financial stability and capital market development need to be coupled with reforms to increase access to financial services for the poor and thus maximize the economic impact of development. Reforms to increase financial inclusion should be holistic and require complementary reforms in financial literacy, consumer protection, and financial technology. Financial technology provides new opportunities to enhance access, but it also poses its own challenges.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
Establishing and equipping an integrated finance sector regulator requires sequenced steps, starting with legislation and encompassing measures to ensure legal and fiscal autonomy, as well as legal immunity for staff. A consolidated master plan with a robust monitoring and reporting framework can serve as an anchor to coordinate and prioritize reforms across the regulator. This is especially relevant for large regulators like OJK, where the risk of silo implementation is significant.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
Successful reform programs require thorough background analysis and research, extensive consultations, and strong national ownership and championship.

Project Number: 50051-001
Project Name: Improving Public Expenditure Quality Program, Subprogram 1
Report Date:
Lesson
A sequential, long-term approach to reforms facilitates ADB deeper engagement in country reform processes and develops greater synergy in ADB country operations.

Project Number: 50051-001
Project Name: Improving Public Expenditure Quality Program, Subprogram 1
Report Date: