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Lesson
Instead of implementing 13 modules sequentially across all government spending agencies, it could be more suitable to do it in a phased manner: implement each module, test and finalize for one agency, and then replicate to others. The demand on staff time and efforts in a modular approach would have been more manageable, and quick successes would have helped sustain morale and commitment.

Project Number: 38356-013
Project Name: Fiscal Management Efficiency Project
Report Date:
Lesson
Due consideration to realistic timeline and risk mitigation. The project was designed to be completed in 4 years but after 10 years, it is still incomplete. The timeline of 4 years at appraisal seems over-optimistic. In particular, the following factors should also be considered in this type of projects: (i) bridging language barriers, (ii) knowledge of local accounting regulations, and (iii) adequacy of locally based technical staff. Assessment of these factors and incorporation of corresponding risk-mitigation measures could help minimize delays in project implementation.

Project Number: 38356-013
Project Name: Fiscal Management Efficiency Project
Report Date:
Lesson
Extra attention needed for project implementation involving large-scale activities for information and communication technology. A distinct feature of the project is the implementation of two large-scale ICT-related components, RAMIS and ITMIS. Compared to hard infrastructure projects, the project involved less well-defined activities for system customization, configuration, re-development and testing, which usually require adequate implementation time to ensure the quality of final products.

Project Number: 38356-013
Project Name: Fiscal Management Efficiency Project
Report Date:
Lesson
Sustained ownership of and commitment to tax administration-related activities. Tax administration modernization typically has one key stakeholder and one key objective of increasing tax revenues, which is a tangible gain. In contrast, PFM modernization has many key players and the benefits of more efficient PFM, in the form of reduced administrative costs, are less tangible. In this project, the RAMIS component demonstrated better performance than the ITMIS component.

Project Number: 38356-013
Project Name: Fiscal Management Efficiency Project
Report Date:
Lesson
Effective policy analysis prior to design and consultations needs to take place before making assumptions, including on the attitudinal changes and responses that may be elicited by the project.

Project Number: 48065-002
Project Name: Public Sector Enterprises Reform Program (Subprogram 1)
Report Date:
Lesson
The outcomes of policy-based loans could be improved by a more appropriate balance between the technical assistance amount provided to assist in implementing the reform agenda and the usually large element of loan finance provided to support adjustment costs.

Project Number: 48065-002
Project Name: Public Sector Enterprises Reform Program (Subprogram 1)
Report Date:
Lesson
Without a consensus on the objectives of enterprise reform, actions are often reversed by the next government, particularly in cases where significant staff redundancies take place.

Project Number: 48065-002
Project Name: Public Sector Enterprises Reform Program (Subprogram 1)
Report Date:
Lesson
Public sector enterprise reform programs are more likely to achieve sustainable results if they are guided by a clear statement of the vision and objectives of the reform efforts.

Project Number: 48065-002
Project Name: Public Sector Enterprises Reform Program (Subprogram 1)
Report Date:
Lesson
A plausible linkage between outputs and outcome and from outcome to impact needs to be carefully addressed In designing the project results chain.

Project Number: 48065-002
Project Name: Public Sector Enterprises Reform Program (Subprogram 1)
Report Date:
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
The terms and conditions of the subsequent tranches of financing should be at least as attractive as the initial tranche to keep the borrower committed to completing the full reform program.

Project Number: 50210-001
Project Name: Fiscal Resilience Improvement Program (Subprograms 1 and 2)
Report Date:
Lesson
Recognizing the limitations placed by cost and staff resources on ADB’s capacity to fully participate in coordination meetings in small member countries, the role of additional TA should have been carefully evaluated.

Project Number: 50210-001
Project Name: Fiscal Resilience Improvement Program (Subprograms 1 and 2)
Report Date: