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Lesson
Policy-based operations can achieve better outcomes by using a limited number of more focused, carefully sequenced, high-impact reforms.

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, 3)
Report Date:
Lesson
Continuous support is crucial to sustain and advance reforms to strengthen investment-led growth in Indonesia, with the COVID-19 pandemic heightening this need.

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, 3)
Report Date:
Lesson
A focused and proactive approach is needed to mainstream gender in economic and other reform programs.

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, 3)
Report Date:
Lesson
A thorough understanding of the capacity and readiness of the EAs and IAs at all levels, along with proper timing and sequencing, is imperative for reforms to succeed.

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, 3)
Report Date:
Lesson
Close coordination among the executing and implementing agencies (EAs/IAs), as well as collaboration with other development partners is crucial for the success of reform programs

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, 3)
Report Date:
Lesson
Careful attention to overlapping regulations is needed to streamline and enhance the efficiency of the reform process.

Project Number: 48134-001, 48134-006, 48134-007
Project Name: Stepping Up Investments for Growth Acceleration Program (Subprograms 1, 2, 3)
Report Date:
Lesson
Long-term ADB engagement with the government provides a solid foundation for the design and implementation of reforms.

Project Number: 50254-001
Project Name: South Asia Subregional Economic Cooperation Customs Reform and Modernization for Trade Facilitation Program
Report Date:
Lesson
Targets should be realistic and reflective of outcome level intended results.

Project Number: 50254-001
Project Name: South Asia Subregional Economic Cooperation Customs Reform and Modernization for Trade Facilitation Program
Report Date:
Lesson
Selecting policy actions that within the purview of the executing agency (EA) will facilitate implementation.

Project Number: 50254-001
Project Name: South Asia Subregional Economic Cooperation Customs Reform and Modernization for Trade Facilitation Program
Report Date:
Lesson
This validation agrees with the lesson of building awareness for the work done under the TA project. However, it is unclear why awareness-building beyond ASEAN is required for this TA project. One can surmise that it could be for the goals of attracting capital. However, the role of partnership with foreign academic institutions is unclear beyond the publication of potential knowledge products. This lesson or recommendation should then be classified under partnership and cofinancing.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation offers the following lesson: although TA design may identify a particular model of consultancy, these needs may evolve during the program requiring adjustment. In this case, in developing a model that responded to the needs of ACMF’s working group on corporate governance, the TA project shifted its approach since the regulators felt that an audit firm (rather than consultants) would lend more credibility and recognition to the validation exercise.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation offers the following lesson: keeping the stakeholders engaged through national interventions and securing sources of post-TA financial resources (unless the TA project was a project preparation TA) is important especially for capacity building TA projects, to ensure continuity and sustainability of the project.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees that cooperation and coordination, especially with other ADB departments, is important. This was a missed opportunity for this TA project. It is, however, not clear though why a visit to the People's Republic of China is required or recommended for the next ACMF TA.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation agrees with the recommendation and rephrases this as a lesson: Partnering with operational projects within ADB is an important step in ensuring that other DMCs outside ASEAN can develop their capital markets and improve governance standards of publicly listed companies.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
Identifying critical risks and assumptions are an important element of design. However, design could also usefully identify mechanisms to mitigate these risks.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
CSV