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Lesson
Hiring a consultant to periodically collect data is crucial in monitoring and subsequently maintaining output achievements. Similarly, it will be useful for financial intermediary projects to engage a consultant to monitor the Implementation status of subprojects.

Project Number: 47305-002, 47305-004
Project Name: Horticulture Value Chain Development Project
Report Date:
Lesson
Constant training and practice are effective in deepening stakeholder understanding of ADB safeguard requirements and the ways they can best be met. This was proven by this project's experience with the executing agency that had no prior exposure to the concept og an environmental and social management system.

Project Number: 47305-002, 47305-004
Project Name: Horticulture Value Chain Development Project
Report Date:
Lesson
Sector risks need to be carefully assessed prior to making an investment decision in a new sector. Bangladesh’s Infrastructure Development Company Limited (IDCOL) has faced challenges because of its portfolio concentration in renewable energy. While it has taken steps to move away from such concentration of risks, it still needs to further diversify its loan portfolio. Currently, IDCOL is focusing on power sector public-private partnership (PPP) projects.

Project Number: 42180-016
Project Name: Third Public-Private Infrastructure Development Facility
Report Date:
Lesson
Balanced distribution of project benefits may require the provision of incentives for coverage of less attractive project areas. The beneficiaries of the project were highly concentrated in a few counties. Adequate incentives (e.g., bonus and honor) to the financial intermediaries and county project management offices to implement the project activities in all project counties would have ensured balanced the distribution of project benefits.

Project Number: 47046-002
Project Name: Gansu Featured Agriculture and Financial Services System Development Project
Report Date:
Lesson
Additional ADB support for safeguard implementation should be anticipated for future projects in which the executing and imoplagencies have no prior experience in ESMS. ADB environmental safeguard support was comprehensive for project preparation but less so for project implementation. This was due to a range of factors, which contributed to reduced guidance for the review of subproject safeguard categorization, draft safeguard documents, and support for the implementing agencies.

Project Number: 47046-002
Project Name: Gansu Featured Agriculture and Financial Services System Development Project
Report Date:
Lesson
While face to face communication would have been better in certain cases, adaptation to pandemic restrictions by adopting new ways of working in addition to being agile and flexible proved adequate and strong enough to successfully implement projects during the pandemic. The program was implemented during a very challenging period when the pandemic was just reaching its peak, the health situation was deteriorating globally, and lockdown measures were being intensified.

Project Number: 51252-003, 51252-004, 51252-005
Project Name: Financial Market Development Program
(Subprograms 1; 2; and 3)
Report Date:
Lesson
It is important to examine the rural grassroots performance of financial intermediaries being considered for agricultural financial service projects with a large number of clients. The performance of potential intermediaries for agricultural financial service projects catering to smallholder farmers, cooperatives, and agricultural small and medium enterprises needs to be examined to ensure that intended benefits are not unduly compromised.

Project Number: 47046-002
Project Name: Gansu Featured Agriculture and Financial Services System Development Project
Report Date:
Lesson
It would be best for ADB to review all subprojects classified as category B for the environment in all future financial intermediation loans. The ESMS criteria defining the number and types of subprojects to be reviewed by ADB resulted in the submission of only 11 sample subprojects and one IEE to ADB for review. The criteria were originally designed to balance the need for an adequate ADB review and guidance with the practical need to avoid reviewing a very large number of subprojects.

Project Number: 47046-002
Project Name: Gansu Featured Agriculture and Financial Services System Development Project
Report Date:
Lesson
Demand-led implementation and strong ownership and consistent government support are critical to the success of financial market reform programs. All stakeholders demonstrated strong commitment to the reform agenda, which led to timely and complete implementation. Sufficient assessment at program appraisal ensured that the strategic objectives of stakeholders were aligned with development objectives.

Project Number: 51252-003, 51252-004, 51252-005
Project Name: Financial Market Development Program
(Subprograms 1; 2; and 3)
Report Date:
Lesson
It is important for future projects to exhaust options to finance a certified institute to prepare IEEs. The project management office's initiative to use a project implementation consultant to prepare the IEEs for category B subprojects was a pragmatic solution to fulfill ESMS requirements and reduce the financial burden on subborrowers. Nonetheless, this approach may have contributed to the suboptimal quality of the IEEs and added to the consultant’s intended key roles, i.e., project oversight, training, monitoring, and reporting.

Project Number: 47046-002
Project Name: Gansu Featured Agriculture and Financial Services System Development Project
Report Date:
Lesson
A structured, holistic, and sequential approach, backed by a comprehensive, medium- to long-term program and sufficient technical assistance (TA,) is critical to the success of financial market reforms. A wide range of reforms covering key pillars of the financial system was incorporated in this program nto enhance legislation, improve regulatory frameworks, introduce new initiatives, and support sustainable capacity building using a structured and sequential approach over the medium term.

Project Number: 51252-003, 51252-004, 51252-005
Project Name: Financial Market Development Program
(Subprograms 1; 2; and 3)
Report Date:
Lesson
Improved implementation of the ESMS would require complete documentation of the steps being followed and strengthening of linkages with other ADB safeguard measures. Implementation of the ESMS steps for impact assessment, consultation, monitoring, and reporting was less documented than the other steps for screening and categorization in the initial environmental examination (IEE) and safeguard monitoring reports. The COVID-19 health and safety plan was prepared during project implementation, but the ESMS template was not updated to include the plan.

Project Number: 47046-002
Project Name: Gansu Featured Agriculture and Financial Services System Development Project
Report Date:
Lesson
Effective communication mechanisms enhance project implementation and need to continue beyond project completion. The effective communication mechanisms established by the project management and implementation institutions guaranteed joint efforts to timely find issues, actively communicate and consult with all parties, and seek and adopt effective solutions. After project completion, the relevant institutions should further ensure smooth communication.

Project Number: 47046-002
Project Name: Gansu Featured Agriculture and Financial Services System Development Project
Report Date:
Lesson
Repeated and progressive training and continuous practice are effective in promoting mastery and proficient use of the environmental and social management system (ESMS). The ESMS was a new concept for the executing and implementing agencies, and its implementation depended on the gradual accumulation of knowledge and experience from learning and practice. The financial intermediaries’ successful incorporation of the ESMS into their business was largely attributable to robust training and practice.

Project Number: 47046-002
Project Name: Gansu Featured Agriculture and Financial Services System Development Project
Report Date:
Lesson
Making social and Gender action plan (SGAP) an integral part of the ESMS and consultants' deliverables would help ensure its implementation. Guidance and training on the SGAP were provided by ADB’s social development specialist and/or ADB’s social development staff consultant during the ADB review missions. SGAP implementation was made an integral part of the ESMS; in addition, it was included in the terms of reference of social development consultants for the project. Both measures ensured implementation as well as progress monitoring of the SGAP.

Project Number: 47046-002
Project Name: Gansu Featured Agriculture and Financial Services System Development Project
Report Date: