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Lesson
Annual audited project financial statements covering only the physical implementation period may not capture all project-related expenses and loan disbursements. To facilitate the reconciliation of project accounts with ADB records, financial auditing shall continue until project financial closure.

Project Number: 44192-016
Project Name: SASEC Second Bangladesh-India Electrical Grid Interconnection Project
Report Date:
Lesson
For ADB to follow up efficiently on safeguards and financial management compliance, reinforce timely reporting requirements, and to make recommendations on any corrective measures, it is recommended that safeguards and financial management staff participate in review missions.

Project Number: 44192-016
Project Name: SASEC Second Bangladesh-India Electrical Grid Interconnection Project
Report Date:
Lesson
The need for some project outputs can decline over time, for several valid reasons. While it is important to avoid unnecessary investments, it is also important to record such changes to note these reasons and revise the design and monitoring framework on time.

Project Number: 44192-016
Project Name: SASEC Second Bangladesh-India Electrical Grid Interconnection Project
Report Date:
Lesson
If the project outputs considered in the project designs are not fully assigned to the implementing agency, delivery of those outputs is unlikely. Therefore, all outputs considered at project appraisal should be identified with an implementation arrangement at the design stage and validated during implementation.

Project Number: 44192-016
Project Name: SASEC Second Bangladesh-India Electrical Grid Interconnection Project
Report Date:
Lesson
If consultants are required to implement, supervise, monitor, and report safeguards, any delay in their engagement can lead to gaps in the safeguards measures implemented as part of the project.

Project Number: 44192-016
Project Name: SASEC Second Bangladesh-India Electrical Grid Interconnection Project
Report Date:
Lesson
Objections by affected persons against development projects such as the construction of transmission lines can be reduced if the laws and procedures relevant to the project are communicated to stakeholders at an early stage through consultations and public information dissemination. Despite receiving a court order in favor of the process followed, delays caused by such objections and legal challenges can have significant costs and other implications, making early resolution of issues a key priority.

Project Number: 44192-016
Project Name: SASEC Second Bangladesh-India Electrical Grid Interconnection Project
Report Date:
Lesson
A short repayment schedule can cause liquidity shortages for participating financial institutions and affect the ongoing disbursement of green finance loans. With monthly repayments on a 3-year loan and approved sub-loan terms of up to 5 years, a maturity mismatch can occur, which is what appears to have happened with Arvand.

Project Number: 45229-001
Project Name: Access to Green Finance Project: Project Completion Report
Report Date:
Lesson
Participating financial institutions (PFIs) achieve all the number and volume targets in terms of disbursing a credit line (as it is their core activity), but then fall short on achieving a strategic shift towards the project’s qualitative objective, which in this case was to build a strong relationship between the PFIs, the smart green energy solutions suppliers, and the borrowers for the provision and adoption of green finance, as well as making the PFIs’ loan officers semi-experts on smart green energy solutions products, technologies, quality standards and specifications, supplier asse

Project Number: 45229-001
Project Name: Access to Green Finance Project: Project Completion Report
Report Date:
Lesson
The country’s restructuring affected GESI institutional structure adopted through GESI operational guidelines and requires revision of GESI operational guideline to align with federal structure. Although MOUD has instituted GESI operationally, other structures do not exist after restructuring of MOUD and its department to align with the country’s new federal structure.

Project Number: 42161-013
Project Name: Integrated Urban Development Project
Report Date:
Lesson
Financial management staff’s inclusion in review missions will be key to ensuring improved financial performance of future projects. Neither the ADB project team nor PCO could decipher financial management requirements and covenant quantifications due to the absence of financial management staff in review missions. The team failed to follow up on audit opinions and recurrent issues, leading to recurrence of the same issues and delays in submitting the APFS. This improved only after inclusion of a financial management staff toward the end of the project.

Project Number: 42161-013
Project Name: Integrated Urban Development Project
Report Date:
Lesson
Continuous community consultation, benefit sharing, and interagency coordination are vital to create social acceptance for SLS construction. The Nepalgunj SLS construction was successful due to continuous community engagement, cooperation among political leaders, and early implementation of a community development program targeted to community living near the SLS. The SLSs in Janakpur and Siddharthanagar had to be dropped, however, as nearby communities did not allow their construction.

Project Number: 42161-013
Project Name: Integrated Urban Development Project
Report Date:
Lesson
In future, project design consultant’s scope of work should include assessment of background and technical information for underground existing utilities. The project had initial design delays and design modifications during implementation mainly due to unavailability of existing utilities’ underground information such as by plan profile and as-built drawing. Final DSC designs were not always comprehensive. This required variations for most contracts, resulting in both start-up delays and contract modifications.

Project Number: 42161-013
Project Name: Integrated Urban Development Project
Report Date:
Lesson
Inaccurate engineering designs at project appraisal, especially when equipment and/or components essential to the project performance are not considered, can increase project costs during project implementation and may even cause delays because of a lack of loan funds. Therefore, additional financing sources and longer implementation periods shall be considered for projects without detailed and accurate designs.

Project Number: 44192-016
Project Name: SASEC Second Bangladesh-India Electrical Grid Interconnection Project
Report Date:
Lesson
Categorization for involuntary resettlement and indigenous people should be revised in case the impacts are reduced during project implementation.

Project Number: 41116-023
Project Name: Jammu and Kashmir Urban Sector Development Investment Program (Project 1)
Report Date:
Lesson
ADB should follow up more closely on compliance with submission requirements for audited project financial statements and audited entity financial statements.

Project Number: 41116-023
Project Name: Jammu and Kashmir Urban Sector Development Investment Program (Project 1)
Report Date: