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Lesson
Financial sector reforms must be supported by sufficient technical assistance (TA) resources. The design of financial sector TA should be undertaken in close coordination with the relevant executing and implementing agencies and aligned to their work plan. TA projects should be focused, and targeted particularly at reforms that have been substantially delayed. [Main text, para. 43(viii)]

Project Number: 37577-013
Project Name: Third Financial Sector Program Loan
Report Date:
Lesson
No additional lesson.

Project Number: 35497-013
Project Name: Housing Finance Project
Report Date:
Lesson
Conduct adequate due diligence. ADB's policy framework was based largely on the recommendations of the high-level task force. Given the task force's expertise, there is merit to using such a report as the basis for ADB's program. Yet, ADB still needs to conduct adequate due diligence - specifically, how to implement and monitor the task force's recommendations and how to mitigate the facility's risks.Include systems for data collection. The program design could have benefited from a greater focus on data collection.

Project Number: 36343-013
Project Name: Rural Cooperative Credit Restructuring and Development Program: Program Completion Report
Report Date:
Lesson
Early proactive engagement with project stakeholders could have been done for readiness in critical areas. Although the project largely achieved its intended outcome and outputs and had significant impact on the capital market and insurance sector of the country, implementation began much later than scheduled because of delayed recruitment of consultants. _x005F_x000D__x005F_x000D_Training component could be spread over the implementation period.

Project Number: 36197-013
Project Name: Improvement of Capital Market and Insurance Governance TA Loan
Report Date:
Lesson
ADB should remain engaged and provide support for sensitizing various stakeholders and help in building consensus to the reforms.

Project Number: 41108-013
Project Name: Second Generation of Capital Market Reform Program
Report Date:
Lesson
In conflict-affected economies, it may be more appropriate to focus reforms on (i) rebuilding capacity, (ii) institutionalizing the process of conducting sustainable reforms based on transparency and participation, and (iii) propagating good public governance principles that are likely to be more enduring.

Project Number: 37393-032, 37393-042
Project Name: Private Sector and Financial Market Development Program
Report Date:
Lesson
The approach should be supported by an agreed road map, matched closely with available institutional capacities, with enough flexibility for continuing review and corrective actions, and supported by required technical assistance, until such time that the country exhibits maturity of institutions, strong internal capacity, and political and economic stability.

Project Number: 37393-032, 37393-042
Project Name: Private Sector and Financial Market Development Program
Report Date:
Lesson
Regarding program design in small, transition economies, it may be more prudent to take a gradual approach to private sector and financial market development, taking smaller slices of the development pie (financed with single-tranche loans) within a short time horizon.

Project Number: 37393-032, 37393-042
Project Name: Private Sector and Financial Market Development Program
Report Date:
Lesson
ADB’s similar institutional reform programs in Afghanistan should include a specific and realistic strategy for capacity development, taking into account the following: (i) without absorptive capacity in ministries, very little technical skills transfer will occur; (ii) sustained recourse to resident international advisors may perpetuate the dependency of decision makers on such advisors; and (iii) in the absence of specific terms of reference for international advisors, their contributions will tend to crowd out inputs provided by the learning process of local staff

Project Number: 37393-032, 37393-042
Project Name: Private Sector and Financial Market Development Program
Report Date:
Lesson
More detailed understanding of legal requirements for and better supervision of arrangements for the establishment and operation of project-financed assets by private- sector entities is necessary to remove the risk that such assets may not operate effectively or operate in ways not intended._x005F_x000D__x005F_x000D_Expecting farmer organizations to want to operate such facilities as seed cleaning plants, as the proposal of the major change in scope and implementation arrangements did, was overly optimistic.

Project Number: 38603-013
Project Name: Sustainable Cotton Subsector Project
Report Date:
Lesson
Undertaking policy reform requires a champion within the government system. Without adequate political backing, reforms are likely to flounder as the delay in implementation of the program and its subsequent turnaround exemplified.

Project Number: 36155-013
Project Name: Private Participation in Infrastructure Program
Report Date:
Lesson
The government’s commitment to reforms to enhance accountability and transparency in use of public resources is essential for the success of social services delivery programs. The effectiveness of public expenditure can be improved by maintaining higher quality standards for services.

Project Number: 43496-013
Project Name: Social Services Delivery Program
Report Date:
Lesson
No new lessons.

Project Number: 31352-013
Project Name: Lao People’s Democratic Republic: Small Towns Development Sector Project
Report Date:
Lesson
Technical assistance can be better targeted and made more efficient if support needed during implementation at different stages and levels can be identified upfront. A program administration memorandum would have been useful.

Project Number: 36155-013
Project Name: Private Participation in Infrastructure Program
Report Date:
Lesson
Complex projects such as this require consistent and close follow-up and coordination among the involved government agencies and departments and offices within ADB. It would be more catalytic and demonstrational if the setting up of policies, systems, and procedures were accompanied by the development of pilot projects especially in local government.

Project Number: 36155-013
Project Name: Private Participation in Infrastructure Program
Report Date: