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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
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
For a sector such as ICT, with limited skills, expertise, and private sector involvement especially in a small country, project financing provides an opportunity for development banks, such as ADB, to leverage its development objectives. These include promoting private sector participation, improving public service delivery, and strengthening institutions. Infrastructure projects are only a means to achieve development outcomes and impacts. This is a principle that most infrastructure project designs could be based on.

Project Number: 38347-022
Project Name: Tonga–Fiji Submarine Cable Project
Report Date:
Lesson
Close coordination with other development banks, such as the World Bank, the government’s clear infrastructure priorities and plan, and its good relationship with a neighboring country is crucial to ensure project readiness, availability of funds, and timely implementation of the project.

Project Number: 38347-022
Project Name: Tonga–Fiji Submarine Cable Project
Report Date:
Lesson
It is important that the TA is appropriately designed to support the delivery of expected outputs and that it is implemented in a timely manner. The program demonstrated the role of a well-designed TA in supporting completion of reforms across the three subprograms and building capacity of the implementing agency. It is also essential that the timing of activities is aligned with the sequencing of policy actions so as not to undermine the achievement of outputs.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
The continuous longer-term involvement of the same mission leader and other qualified ADB staff from the design stage until the end of implementation of the three subprograms is important to the success of this program. Familiarity with local institutional challenges and personnel in the government is important for a complex reform program such as this one to achieve progress.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
The importance of a comprehensive strategic framework that broadens and deepens financial inclusion based on robust diagnostics and analytical work. The rationale for reform and policy actions are to be drawn from these diagnostics, and actions are prioritized and sequenced in addressing the constraints and bottlenecks. Regulatory constraints, institutional capacity limitations, deficiencies in technology infrastructure, and extent of financial literacy need to be clearly identified and assessed based on the analytical work.

Project Number: 48207-001, 48207-002, 48207-004
Project Name: Financial Market Development and Inclusion Program
Report Date:
Lesson
Single-tranche and stand-alone policy-based programs can be an appropriate instrument to support reforms in fragile states provided that (i) these take place in the context of an ongoing, long-term development partnership; and (ii) there is a demonstrated government commitment to pursue substantial reforms over an extended time frame. Moreover, such programs need to be supported by ongoing capacity development in key agencies. In fragile states, the risks to implementing and sustaining reforms are amplified by external shocks and natural disasters.

Project Number: 52074-001
Project Name: Improved Fiscal Sustainability Reform Program
Report Date:
Lesson
The formal government and development partner coordination mechanisms offer the opportunity to reduce transaction costs for all parties and increase the likelihood of a good quality program design and implementation. In the case of Solomon Islands, it utilized a wellestablished coordination mechanism to undertake policy dialogue, to design a program that is responsive to the country’s needs, and to jointly oversee program implementation.

Project Number: 52074-001
Project Name: Improved Fiscal Sustainability Reform Program
Report Date:
Lesson
Appropriate formulation of DMF facilitates accurate measurement of project performance and achievements. A clear alignment of data and logical framework on performance targets and indicators conforming to each subproject provides a correct measurement on project’s intended results and overall impact. All impact indicators were focused on Anning, but available data were for either Gansu province or Lanzhou, making it difficult to measure these indicators as required.

Project Number: 40625-013
Project Name: Lanzhou Sustainable Urban Transport Project
Report Date: