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Lesson
Diligent project financial monitoring enables savings to be identified at an early stage, making it possible for additional components to be undertaken thereby improving project results and benefits. The project's executing and implementing agencies identified some savings after the award of two original works packages. This enabled an additional works package to be prepared, procured, and executed within the extended implementation period.

Project Number: 44240-014
Project Name: Thimphu Road Improvement Project
Report Date:
Lesson
The participation of a financial management specialist in review missions and site visits will help improve capacity and compliance with statutory and financial covenants. The project generally met ADB’s financial monitoring and reporting requirements. But it encountered delays in the submission of the audited project financial statement for fiscal years 2016 and 2017. These delays could have been avoided by having a financial management specialist participate in project review missions and site visits.

Project Number: 44426-014
Project Name: National Grid Improvement Project
Report Date: