Search

Displaying 16 - 27 of 27

Lesson
ADB should explore how to link up ACMF initiatives with other departments of ADB to scale up and so the substantial technical work with ACMF can be made operationally relevant. ACMF’s initiatives on green bonds and corporate governance can help ASEAN member countries develop their capital markets and improve corporate governance standards of PLCs. There is also potential replication to other regional groupings outside ASEAN including the Central Asia Regional Economic Cooperation.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
The Japan Ministry of Finance and Japan International Cooperation Agency have been strong supporters of ACMF. ADB staff should explore opportunities to collaborate with these stakeholders in the implementation of future TA projects to provide visibility for their support and leverage on their role within the government and the private sector in Japan. The green bond study visit to Tokyo supported under this TA was a good start.The Investment Climate Facilitation Fund is a good source of TA funding forregional cooperation and integration.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
The independent validation process implemented under the ACGS is good practice for knowledge building. It gives practical information on actual corporate governance practices of PLCs. Many ACMF initiatives have good traction within the region. However, awareness beyond ASEAN is limited. In addition to the existing knowledge sharing of best practices within ASEAN, future support to ACMF should also include engagement with international partners. This includes foreign academic institutions with strong private sector partnerships.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
ADB provides support for capital market integration through the ASEAN as well as the ASEAN+3 processes. The latter is supported by the staff in the Economic Research and Regional Cooperation Department (ERCD). While there was some coordination with ERCD staff in the implementation of this TA, more coordination is required to find synergies between the various regional finance sector TA projects. This will reduce overlaps and produce better outputs by leveraging on the strength and network of counterparts supported by different regional TA projects.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
The selection and use of individual consultants with specific skills allowed to timely achieve some of the planned outputs. The previously developed Terms of References (TORs) for the industrial economist and innovation expert were, however, challenging. As it was evident during the implementation, the requirements for industrial economist included a broad range of skills and requirements in specific sectors, which could not have been achieved without recruitment of resource persons with narrow skills.

Project Number: 48040-001
Project Name: Export- and Innovation-Led Industrial Development
Report Date:
Lesson
The TA outputs have provided a base on which future interventions could be tailored. This includes the government support for implementation of innovation strategy roadmap, resources allocated for new export insurance products, as well as the MOE commitment to maintain and further develop the trade portal as a tool to support investors and exporters.

Project Number: 48040-001
Project Name: Export- and Innovation-Led Industrial Development
Report Date:
Lesson
Too many implementing agencies and different counterparts for different components have contributed to the delays and changes. Diversity and number of implementing and counterpart agencies should be taken into account when designing new TA projects and should be limited to up to two.

Project Number: 48040-001
Project Name: Export- and Innovation-Led Industrial Development
Report Date:
Lesson
All TA outputs have been well received by the government. The sector assessments for wine, textile and footwear, conducted under the TA, can be replicated for other sectors of the economy as well. The TA was instrumental for developing and introducing new export insurance products. The model and structure of the innovation strategy developed under the TA, and covering the innovation, science and technology, could be replicated by other government agencies as a template for the strategies in other sectors. The strategy is expected to be approved by the government by the end of 2020.

Project Number: 48040-001
Project Name: Export- and Innovation-Led Industrial Development
Report Date:
Lesson
The TA design and its outputs were an amalgam of diverse activities. Most of these outputs could have been managed under separate TA projects.

Project Number: 48040-001
Project Name: Export- and Innovation-Led Industrial Development
Report Date:
Lesson
Staff turnover in implementing agencies created challenges during the project implementation. Strong partnership with executing and implementing agencies, as well as with donor partners, allowed to coordinate the activities and contributed to achieving outputs.

Project Number: 48040-001
Project Name: Export- and Innovation-Led Industrial Development
Report Date:
Lesson
The TA relied heavily on stakeholders and partners to deliver its outputs and outcome. Despite some initial delays during the implementation, the strong support of the executing agency towards the end of the TA implementation eventually increased commitment and clearly contributed to the achievement of the outputs of the TA.

Project Number: 48040-001
Project Name: Export- and Innovation-Led Industrial Development
Report Date:
Lesson
The TA was successful in delivering knowledge products. One international forum and three workshops were organized to present three sector assessments and wine sector case study. The TA delivered a comprehensive innovation strategy, covering innovation, science and technology with clear roadmap and action plan. The TA also helped conduct an impact assessment, prepare and publish a research paper. The TA also funded a study tour for EIAA staff.

Project Number: 48040-001
Project Name: Export- and Innovation-Led Industrial Development
Report Date: