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Lesson
Particularly for loans, in-depth review on a borrower’s credit performance and the sector context, as part of the due diligence assessment, is vital for recognizing potential financial risks. Analytical measurements on financing risks (e.g., adequacy of capital ratio, contingent liabilities), risk allocation options, and risk management monitoring, for example, are key factors that enhance credit appraisal and help develop a well-structured financing scheme and related covenants.

Project Number: 46268-002
Project Name: Clean Energy Finance Investment Program (Tranche 1)
Report Date:
Lesson
A financially sound institution dedicated to finance projects in renewable energy subsector, with the national government’s support, signals country’s strong commitment to achieve its goals in the subsector. This, together with favorable regulatory environment, is instrumental in providing the right incentives to attract private investors and other development partners and foster the rapid deployment of renewable energy in a country.

Project Number: 46268-002
Project Name: Clean Energy Finance Investment Program (Tranche 1)
Report Date:
Lesson
Output performance measures of public sector and management programs could be improved through the inclusion of (1) anti-corruption measures, especially if the risk of corruption is high in the program and the country rates poorly on perceptions of corruption; and (2) strengthened internal and external audit functions to provide more transparency and accountability to government processes.

Project Number: 44253-016
Project Name: Local Government Finance and Fiscal Decentralization Program
Report Date:
Lesson
The impact level of the DMF could be connected to the results chain.

Project Number: 44253-016
Project Name: Local Government Finance and Fiscal Decentralization Program
Report Date:
Lesson
Public sector finance and management programs could use information on transparency and accountability of government administration from government institutions such as the Commission on Audit when designing and evaluating programs.

Project Number: 44253-016
Project Name: Local Government Finance and Fiscal Decentralization Program
Report Date:
Lesson
Programs that involve public sector management and finance reforms need to consider information from the country’s Supreme Audit Institution, not only to inform their views on the transparency and accountability of government administration before the program commences, but also in the evaluation of the program once it is complete.

Project Number: 50145-001
Project Name: Countercyclical Support Facility Program
Report Date:
Lesson
The assessment of a program’s development effectiveness is difficult in the absence of a structured and aligned outcome indicators.

Project Number: 50145-001
Project Name: Countercyclical Support Facility Program
Report Date:
Lesson
Appropriate targeting method and the quality of the fiscal stimulus are crucial in supporting CSF programs.

Project Number: 50145-001
Project Name: Countercyclical Support Facility Program
Report Date:
Lesson
The lack of a well-designed platform for generating long-term savings and investment products results in low achievement of program results.

Project Number: 48427-001, 48427-002
Project Name: Encouraging Investment through Capital Market Reforms Program
Report Date:
Lesson
Establishing more valid indicators or defining a more appropriate impact is a lesson for future projects.

Project Number: 48293-001
Project Name: Transport Sector Flood Recovery Project
Report Date:
Lesson
The target of 30% labor in the GAP for women was not attainable because of the unique socioeconomic conditions within the project area.

Project Number: 48293-001
Project Name: Transport Sector Flood Recovery Project
Report Date:
Lesson
Attributing national GDP growth to the project impact was inappropriate since the planned interventions were not the only factors contributing to economic growth.

Project Number: 48293-001
Project Name: Transport Sector Flood Recovery Project
Report Date:
Lesson
Securing funding for associated facilities, and mandating the executing agency to comply, are important contributors to the successful operation of transport sector projects.

Project Number: 48293-001
Project Name: Transport Sector Flood Recovery Project
Report Date:
Lesson
Frequent ADB supervision is required to counter the delays in completing construction is standard for Solomon Islands.

Project Number: 48293-001
Project Name: Transport Sector Flood Recovery Project
Report Date:
Lesson
Harmonizing guidelines used in the preparation of the government’s PCR with that of ADB’s is imperative.

Project Number: 39265-022
Project Name: Western Regional Road Corridor Development Project, Phase 1
Report Date: