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Lesson
Combining finance sector development and financial inclusion under an umbrella framework enables a finance sector reform program to address both supply and demand to further develop the sector. The program as originally designed was to include two subprograms. Technical assistance, provided to help the government continue the reform measures adopted in subprogram 1, was key in supporting many of the reforms programmed under subprogram 2, even as the government elected not to proceed with a second loan. Nevertheless, government elected not to proceed with a second loan.

Project Number: 49331-001
Project Name: Financial Sector Development and Inclusion Program
Report Date:
Lesson
A multitranche financing facility (MFF) that initially focuses on piloting, capacity building, behavioral and technology change management, and the establishment of a more robust financial intermediation mechanism may have been more appropriate for this project.

Project Number: 43207-013
Project Name: Market Transformation through Introduction of Energy-Efficient Electric Vehicles Project
Report Date: