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Lesson
The complex challenges involved in reducing the NPL ratio in Mongolia’s banking sector require continuing dialogue and close coordination and cooperation among development partners.

Project Number: 51054-001
Project Name: Banking Sector Rehabilitation and Financial Stability Strengthening Program
Report Date:
Lesson
A well-considered, deliberate, and cumulative approach, built on lessons learned, and continued engagement by ADB, are needed to sustain the banking reform process in Mongolia.

Project Number: 51054-001
Project Name: Banking Sector Rehabilitation and Financial Stability Strengthening Program
Report Date:
Lesson
Implementation of finance sector reforms is a long process requiring the commitment and coordination of many stakeholders.

Project Number: 51054-001
Project Name: Banking Sector Rehabilitation and Financial Stability Strengthening Program
Report Date:
Lesson
The One ADB approach facilitates the preparation of successful programs.

Project Number: 51054-001
Project Name: Banking Sector Rehabilitation and Financial Stability Strengthening Program
Report Date:
Lesson
Reform prioritization and sequencing could lead to more durable results. A steady, step-by-step pace of reforms may be more suitable in the Tongan context, given prevailing capacity constraints. The process of implementing reforms takes time, especially for reforms that require specialized skills, such as those in PFM and those that are structural in nature; these types of reforms take time to implement and cannot be completed by a single quick-disbursing stand-alone program.

Project Number: 43152-012
Project Name: Economic Support Program
Report Date:
Lesson
Limited capacity of government staff should be considered in designing reform programs. The 34 policy actions for a crisis response operation stretched out the government’s capacity in absorbing a substantial reform agenda. Constraints to capacity were reflected in the delays in complying with the policy actions, in particular with the policy action on financial ratios, which resulted in waiver of this action.

Project Number: 43152-012
Project Name: Economic Support Program
Report Date:
Lesson
The focus of the EA and PSU was on implementation of the policy matrix. Considerably less importance was given to the loan covenants. The PSU indicated that it would have recruited local support groups if it had been a condition in the policy matrix; however, since it was not a tranche condition, the PSU did not feel compelled to comply. This was also the case with covenants related to social sector expenditures and conditional grants, which were key covenants for ensuring improved social sector performance.

Project Number: 32264-013
Project Name: Punjab Devolved Social Services Program
Report Date:
Lesson
The implementation efficiency of the program was constrained by the late recruitment of the Technical Assistance Management Agency (TAMA), and the lack of recruitment of local support groups. The TAMA was meant to mobilize about 4,000 person-months of consulting services. The local support groups were expected to be mobilized in each district for 3 years to enhance capacity. For the majority of program implementation, these tasks became the responsibility of ADB and the program support unit (PSU), albeit with insufficient resources, which negatively affected implementation efficiency.

Project Number: 32264-013
Project Name: Punjab Devolved Social Services Program
Report Date:
Lesson
The risk assessment of political resistance to devolution was not sufficiently robust, and mitigating measures were not realistic. The design should have been revised to address political resistance to implementation of the Punjab Local Government Ordinance 2001 (PLGO). Failure to do so undermined program implementation. Another significant design flaw was the multi-sector and ambitious scope of the program. This observation was also raised by the executing agency (EA) during the program completion review mission.

Project Number: 32264-013
Project Name: Punjab Devolved Social Services Program
Report Date: