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Lesson
The absence of a programmatic approach in policy-based loans (PBLs) can put at risk the sustainability of reforms. This program was designed as a stand-alone, single-tranche, PBL and effectively achieved its objective because of strong ownership by and well-coordinated efforts of the authorities and ADB staff. However, the lack of a programmatic approach posed a high risk to the sustainability of the reforms made.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Technical assistance (TA) is required to develop the capacity of institutions to meaningfully engage with ADB on a longer-term basis. ADB’s continuous engagement with the country, during and after a PBL, is essential. It allows ADB to keep a foothold in the country, learn about the reforms being assisted by other development partners, remain updated about emerging needs and issues, support sustainability, and help in processing new programs.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Dissemination of achievements made under the program is essential for knowledge-sharing and to strengthen ADB’s image as an effective development partner, The program supported the implementation of key reforms that were relevant and highly desired by the government to accelerate the country's economic growth. It is important to communicate the achievements made, with the general public and development partners, to improve knowledge and raise awareness. Communication and public awareness are also essential to enhance ADB’s status and credibility as an effective development partner.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Strong alignment with government strategies and priorities leads to strong government ownership and participation in program implementation. The reforms adopted under this program were essential to improve fiscal credibility and strengthen the capital market in Armenia. They were fully aligned with the strategies of the government and ADB. Because of this strong strategic alignment, government ownership of the program remained strong and all implementing agencies actively coordinated with ADB to achieve the reform agenda.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
Targeted and medium- to long-term assistance in key sectors is particularly critical for Georgia to sustainably recover from COVID-19 impacts. There is opportunity in crisis that, if taken advantage of expeditiously, can lead to significant beneficial measures. In the case of Georgia, the depth of the crisis that led ADB and other development partners (DPs) to offer a large rescue package illustrates what can be achieved under crisis situations.

Project Number: 54191-001
Project Name: COVID-19 Active Response and Expenditure Support Program
Report Date:
Lesson
Timing is essential in the successful implementation of reforms.

Project Number: 52074-001
Project Name: Improved Fiscal Sustainability Reform Program
Report Date:
Lesson
Continued monitoring of the non-tranche policy actions of reform programs is critical to ensuring that these actions are completed on time.

Project Number: 52074-001
Project Name: Improved Fiscal Sustainability Reform Program
Report Date:
Lesson
Close coordination enhances the outcome and value-addition of each donor’s contribution to the reform process in developing countries.

Project Number: 50051-001
Project Name: Improving Public Expenditure Quality Program, Subprogram 1
Report Date:
Lesson
Successful reform programs require thorough background analysis and research, extensive consultations, and strong national ownership and championship.

Project Number: 50051-001
Project Name: Improving Public Expenditure Quality Program, Subprogram 1
Report Date:
Lesson
A sequential, long-term approach to reforms facilitates ADB deeper engagement in country reform processes and develops greater synergy in ADB country operations.

Project Number: 50051-001
Project Name: Improving Public Expenditure Quality Program, Subprogram 1
Report Date:
Lesson
Adequate technical assistance (TA) is essential to enhancing reform design and implementation and accelerating the reform process.

Project Number: 50051-001
Project Name: Improving Public Expenditure Quality Program, Subprogram 1
Report Date:
Lesson
Political uncertainties associated with policy actions need to be carefully considered during the design and implementation of reform programs.

Project Number: 45288-002
Project Name: Punjab Development Finance Program
Report Date:
Lesson
An IT-based eGovernance system improves the efficiency and accountability of public finance management thus overall strengthening governance.

Project Number: 45288-002
Project Name: Punjab Development Finance Program
Report Date:
Lesson
The creation of fiscal space is a gradual and sequential process that needs to be balanced with the cost of economic growth.

Project Number: 45288-002
Project Name: Punjab Development Finance Program
Report Date:
Lesson
Implementable policy actions, irrespective of the governing political party, are crucial to the successful completion of PBLs.

Project Number: 45288-002
Project Name: Punjab Development Finance Program
Report Date: