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CSV
Lesson
Compared to project-based lending, the choice of MFF as a modality is likely to risk decreasing the level of due diligence and scrutiny undertaken at the approval of single tranches. This needs to be considered as a downside of the MFF modality in general. A more thorough due diligence stage needs to be foreseen before approving single tranches, not only at the MFF appraisal level.

Project Number: 37139-053
Project Name: Uttarakhand Power Sector Investment Program (Tranche 4 and Multitranche Financing Facility)
Report Date:
Lesson
Providing technical assistance to strengthen the institutional capacity of newly established states, executing agencies, and implementing agencies is essential. Including capacity building activities could enable smooth project implementation, in line with ADB guidelines. However, a caveat is to avoid an optimistic assumption that the absorptive and implementation capacity of the executing and implementing agencies would achieve a significant improvement right after the technical assistance and capacity building activities.

Project Number: 37139-053
Project Name: Uttarakhand Power Sector Investment Program (Tranche 4 and Multitranche Financing Facility)
Report Date:
Lesson
It is important to have tranche-specific DMFs that are logical, with sound links of outcome and output targets that are formulated in line with the principle of being specific, measurable, achievable, relevant, and timebound. For a specific tranche, the outcome and output indicators can jointly work to reflect the appropriateness and continuum of the results chain leading up to the high-level development impacts that are most relevant to the scope and focus of the tranche.

Project Number: 37139-023
Project Name: Uttaranchal Power Sector Investment Program - Tranche 1
Report Date:
Lesson
The scope and amount of an MFF need to be realistically designed by avoiding an optimistic assumption that the absorptive and implementation capacity of the executing and implementing agencies would achieve a significant improvement during program implementation. Simpler project designs, with specific purposes and fewer agencies involved in a limited number of locations, are also more likely to succeed than those with a broad scope and overly ambitious and complex structures.

Project Number: 37139-023
Project Name: Uttaranchal Power Sector Investment Program - Tranche 1
Report Date:
Lesson
The choice of a multifinancing facility (MFF)\ as the financing modality for a proposed investment needs to be adequately justified, with due consideration of the fulfillment of preconditions, scope of tranches, and the extent to which an MFF would generate potential value addition in terms of efficiency, portfolio performance, and development results as compared to standalone project-based loans.

Project Number: 37139-023
Project Name: Uttaranchal Power Sector Investment Program - Tranche 1
Report Date:
Lesson
For a project that involve associated infrastructure that are not part of the project scope (although serves as a prerequisite to the project outputs such as a planned power plant to which the transmission lines under the project will be directly connected), it is critical to conduct more thorough and in-depth due diligence work to evaluate the feasibility and the uncertainties associated with the realization of such nfrastructure. Where possible, loan disbursements and procurement activities should be

Project Number: 37139-053
Project Name: Uttarakhand Power Sector Investment Program (Tranche 4 and Multitranche Financing Facility)
Report Date:
Lesson
Technology innovations need to be encouraged, but caution requires that innovations be verified during implementation. The verification may entail additional trials and time, which could lead to longer implementation periods.

Project Number: 47051-002
Project Name: Chemical Industry Energy Efficiency and Emission Reduction Project
Report Date:
Lesson
The design and monitoring framework needs to be updated to reflect realistic timelines when delays occur.

Project Number: 41627-023, 41627-033
Project Name: Himachal Pradesh Clean Energy Development Investment Program (Tranches 1 and 2)
Report Date:
Lesson
Significant implementation delays under both tranches underscore three important points: (i) weather conditions stop works during winter months and even interrupt work during other months, (ii) proper planning is essential so that issues such as inadequate access infrastructure can be taken care of sufficiently in advance, and (iii) extensive geological surveys and testing are crucial in the Himalayan region prior to the detailed project report stage.

Project Number: 41627-023, 41627-033
Project Name: Himachal Pradesh Clean Energy Development Investment Program (Tranches 1 and 2)
Report Date:
Lesson
Upgrading and retrofitting for energy efficiency improvements during the production process may result in mutual interactions and uncertain impacts, which can cause implementation delays and safety risks. These factors should be noted by future device-upgrading projects in factories; for example, factories should be equipped with more safety and environmental protection personnel, and enough time should be reserved for projects that include upgrading of production processes.

Project Number: 47051-002
Project Name: Chemical Industry Energy Efficiency and Emission Reduction Project
Report Date:
Lesson
Political support, and ultimately political accountability, is an essential component of institutional reform. An early back-to-office report (September 2014) stated that the government appreciated the importance of promoting a better business environment in the context of the private sector’s contribution to growth in gross domestic product. The government set up a Consultative Council on Reduction of Business Inspecting Agencies, chaired by the First Deputy Prime Minister to monitor implementation progress. All policy actions were completed.

Project Number: 47099-002, 47099-004
Project Name: Investment Climate Reforms Program - Subprograms 1 and 2)
Report Date:
Lesson
Multidimensional programs need to have a balance on types of indicators but should take care to ensure that progress in threshold indicators can be properly recognized in the design and monitoring framework (DMF). Only 9 of the 12 unique output indicators between subprograms 1 and 2 had been achieved or almost achieved. Of these 9 achieved output indicators, 7 were binary , i.e., they only take the value of achieved or not achieved. The output indicators not achieved had specific numerical targets that had not been met.

Project Number: 47099-002, 47099-004
Project Name: Investment Climate Reforms Program - Subprograms 1 and 2)
Report Date:
Lesson
It is important to properly phase implementation schedules to allow for deeper analysis of output and outcome progress and rectify indicators. All four outcome indicators were not achieved but progress was recorded against outcome indicators related to increases in private investment, internationally certified Tajik firms, and regulatory quality; and in the case of women entrepreneurs was particularly good if measured by electronic tax declarations. This suggests that targets were initially overambitious and/or that outcome indicators should be considered over a longer period.

Project Number: 47099-002, 47099-004
Project Name: Investment Climate Reforms Program - Subprograms 1 and 2)
Report Date:
Lesson
Although it did not negatively impact the program, submission of the monthly and quarterly progress reports was irregular throughout the MFF implementation. This cannot go unattended under the second MFF, as without timely reporting, program management will not be in a good position to address the implementation challenges, especially those unforeseen at MFF and individual tranche approval. The program management unit should establish a mechanism to regularly monitor physical and financial progress per contract.

Project Number: 37192-023, 37192-033, 37192-043, 37192-044
Project Name: Power Transmission Enhancement Investment Program 
Report Date:
Lesson
The potential of new technologies and contracting modalities to achieve their intended results is best enhanced by the provision of adequate technical and capacity-building support.

Project Number: 37192-023, 37192-033, 37192-043, 37192-044
Project Name: Power Transmission Enhancement Investment Program 
Report Date:
CSV