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Lesson
Compliance with financial covenants on institutional reforms and asset valuation and reconciliation, need a high level of commitment, capacity, and resources from the executing agency. Further, substantial changes in state-owned enterprises take time to get implemented in full. Despite efforts made by executing agency, the Assam Power Generation Corporation Limited (APGCL), lack of capacity and resources resulted in some of loan covenants to be achieved only partially.

Project Number: 47101-002
Project Name: Assam Power Sector Investment Program - Tranche 1
Report Date:
Lesson
Continued investment in policy dialogue is essential to ensure sustainability and the best resilience outcomes for the country. The policy actions identified in the program’s policy matrix, as well as future target actions identified in the follow-on program’s post-program policy framework, provide an opportunity to further strengthen DRM in Palau and to identify gaps and needs for future support in DRM. The program initiated a long-term policy dialogue with Palau for ADB assistance for DRM.

Project Number: 52018-001
Project Name: Disaster Resilience Program
Report Date:
Lesson
strong and continued political support and guidance is essential for formulating and implementing effective structural reforms to address the stock and flow of circular debt and improve the sustainability of the power sector. Internal resistance to changes within the sector cannot be overcome without direct involvement and support from key decision makers at federal and provincial governments.

Project Number: 47015-001, 47015-002, 47015-003
Project Name: Sustainable Energy Sector Reform Program (Subprograms 1, 2, and 3)
Report Date:
Lesson
Incomplete policies and weak reforms cannot fully address the underlying causes of the accumulating circular debt, which jeopardizes the financial situation of the sector and prolongs reliance on government subsidies and bailouts. A multiyear reform commitment through a flexible programmatic approach is necessary to implement the much-needed structural reform and realize sector transformation and financial sustainability

Project Number: 47015-001, 47015-002, 47015-003
Project Name: Sustainable Energy Sector Reform Program (Subprograms 1, 2, and 3)
Report Date:
Lesson
Properly defining technical parameters ensures successful project implementation. The required equipment for end terminals, estimated to cost $0.5 million, was omitted from the pertinent package; thus the $29.1 million investment was idle. The target annual power generation of 60 gigawatt-hours was an overestimate as it required securing agreements for purchasing 40% of the output of the private sector’s biomass power projects and an optimistic utilization factor of 70% of the run-of-river HPPs.

Project Number: 41504-023
Project Name: Town Electrification Investment Program - Tranche 1
Report Date:
Lesson
Planning for efficient resource use in advance adequately addresses the situation when the full output cannot be delivered

Project Number: 45506-002
Project Name: Gansu Jiuquan Integrated Urban Environment Improvement Project
Report Date:
Lesson
A structured, holistic, and sequential approach, backed by a comprehensive, medium- to long-term program and sufficient technical assistance (TA,) is critical to the success of financial market reforms. A wide range of reforms covering key pillars of the financial system was incorporated in this program nto enhance legislation, improve regulatory frameworks, introduce new initiatives, and support sustainable capacity building using a structured and sequential approach over the medium term.

Project Number: 51252-003, 51252-004, 51252-005
Project Name: Financial Market Development Program
(Subprograms 1; 2; and 3)
Report Date:
Lesson
Use of two sample subprojects at the appraisal stage is insufficient to make a reasoned assessment of the economic viability of a project of this size. A broader range of ULBs would have indicated the economic viability, sustainability, and the reform measure needed to ensure the success of the project.

Project Number: 38254-043
Project Name: MFF - North Karnataka Urban Sector Investment Program - Tranche 2
Report Date:
Lesson
Extending physical completion of works beyond the financial closing of the loan, diminishes ADB’s ability to rigorously monitor and track project progress, safeguards, and technical due diligence.

Project Number: 38254-043
Project Name: MFF - North Karnataka Urban Sector Investment Program - Tranche 2
Report Date:
Lesson
Political support, and ultimately political accountability, is an essential component of institutional reform. An early back-to-office report (September 2014) stated that the government appreciated the importance of promoting a better business environment in the context of the private sector’s contribution to growth in gross domestic product. The government set up a Consultative Council on Reduction of Business Inspecting Agencies, chaired by the First Deputy Prime Minister to monitor implementation progress. All policy actions were completed.

Project Number: 47099-002, 47099-004
Project Name: Investment Climate Reforms Program - Subprograms 1 and 2)
Report Date:
Lesson
Multidimensional programs need to have a balance on types of indicators but should take care to ensure that progress in threshold indicators can be properly recognized in the design and monitoring framework (DMF). Only 9 of the 12 unique output indicators between subprograms 1 and 2 had been achieved or almost achieved. Of these 9 achieved output indicators, 7 were binary , i.e., they only take the value of achieved or not achieved. The output indicators not achieved had specific numerical targets that had not been met.

Project Number: 47099-002, 47099-004
Project Name: Investment Climate Reforms Program - Subprograms 1 and 2)
Report Date:
Lesson
Appropriately designing the project performance monitoring system during design stage would ensure that it captures accurate and necessary baseline and monitoring data for better tracking and assessing project performance.

Project Number: 49215-001
Project Name: Earthquake Emergency Assistance Project
Report Date:
Lesson
Weak entrepreneurial skills, lack of financial literacy, and lack of viable projects affect the bankability of potential microfinance clients. Business development skills training primarily aimed at capacity development, skills transfer, financial literacy, and business advice help in enhancing the bankability of clients as well performance and viability of their businesses.

Project Number: 44304-013
Project Name: Microfinance Expansion Project
Report Date:
Lesson
Continued engagement with the government on macroeconomic and structural reforms will maximize program benefits. This program was an integral part of ADB’s overall country support activities and backed the government’s strong commitment to state-owned enterprise reform and structural macroeconomic reform. Particularly through technical assistance to strengthen economic management, it supported macroeconomic stability, sustained growth, and project preparation.

Project Number: 54160-001
Project Name: COVID-19 Active Response and Expenditure Support Program
Report Date:
Lesson
Early provision of technical assistance (TA) is essential to ensure that the policy actions supported by PBLs have sufficient depth and breadth and are sequenced in a manner that will enhance the PBLs’ value-addition to realizing the targeted reforms and sustaining the reform process. The TA attached to this PBL was appropriate and focused on areas that required ADB technical support because of limitations and constraints faced by the government.

Project Number: 52049-001, 52049-003
Project Name: Trade and Competitiveness Program – Subprograms 1 and 2
Report Date: