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Lesson
Engaging an international firm with extensive experience proved to be the best option for this TA which focused on a complex and highly specialized topic. Nevertheless,there will always be an indispensable need for national perspectives and experiences, best provided by national consultants, to inform and be considered in TA analyses and recommendations. Future TA could benefit from increased engagement with local experts, either as individual consultants or as subcontracted members of international consulting firms or TA implementation teams.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
It is important that consultants are knowledgeable in their fields and have established relationships with the ADB team. team. Well managed working relationships result in satisfactory performance.

Project Number: 54246-001
Project Name: Impact Evaluation of Financial Technology Innovations in Selected Developing Member Countries
Report Date:
Lesson
The absence of a project management unit (PMU) with adequate dedicated full-time qualified staff and decision-making authority militates against the successful implementation of projects.

Project Number: 49419-002
Project Name: Solar Rooftop Investment Program - Tranche 1
Report Date:
Lesson
The lack of organizational capacity and requisite implementation skills also weighs heavily against the attainment of project objectives. Another major reason for poor performance of the PNB was its inability to scale up individual subloans through either the Renewable Energy Services Company (RESCO) or demand aggregation of smaller subprojects, be they in the commercial and industrial sector, MSME, or residential sector.

Project Number: 49419-002
Project Name: Solar Rooftop Investment Program - Tranche 1
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
Development partners should both support and take advantage of opportunities that arise when governments are committed to reform, which should also be recognized in their country programming. the government that came to office in 2018 was strongly reform-minded. Even though Armenia suffered two exogenous shocks in the form of the coronavirus disease (COVID-19) and conflict with a neighboring country, reform commitment did not waver. This contributed strongly to the ultimate outcome of this program.

Project Number: 51060-002, 51060-003
Project Name: Public Efficiency and Financial Markets Program (Subprograms 1 and 2)
Report Date:
Lesson
This is a valuable suggestion that would allow for knowledge sharing across the region.

Project Number: 48472-001
Project Name: Promotion of Environmentally Sustainable Infrastructure Investment in Asia and the Pacific
Report Date:
Lesson
Quality knowledge products can be effective in raising awareness on a TA subject. This can help build support for agreement for action to boost regional cooperation.

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
This is more of a description of outputs/knowledge products produced than a lesson learned. A more specific lesson could be that ensuring that the knowledge products delivered under a TA are widely disseminated to allow for a learning experience is important. For example, this TA conducted assessments and ensured knowledge sharing by organizing an international forum and workshops.

Project Number: 48040-001
Project Name: Export- and Innovation-Led Industrial Development
Report Date:
Lesson
The DMF should provide clear plans for the study publications. The DMF planned that the TA studies be published, but it did not specify where these would be published. These studies may be used both within the PRC and in other ADB member countries, and plans to publish them in ADB’s website or in other widely accessible knowledge websites should be specifically stated. If the studies require editing or translation to meet publication criteria, time and budget should be included to complete their publication.

Project Number: 48010-001
Project Name: Study on Local Financial Market Development and Supervisory Framework
Report Date:
Lesson
Specific details of the measures that were adopted, and the timing of their adoption provide a useful practice advice for future policy support through TAs. The TCR reported that the policy recommendations were accepted by the FAOL and were being incorporated into the revised rules and in the regulatory framework for local financial markets in the PRC. It would be useful to expand on this to share knowledge of the time and process required to achieve these intended results.

Project Number: 48010-001
Project Name: Study on Local Financial Market Development and Supervisory Framework
Report Date:
Lesson
The way the lesson was formulated in the TCR could be improved (it is stated more like an issue rather than lesson learned). But a lesson could be inferred that ensuring individual DMC commitment upfront and awareness measures could seamlessly facilitate progress towards the attainment of the objective of the TA.

Project Number: 50057-001
Project Name: Promoting Green Local Currency-Denominated Bonds for Infrastructure Development in ASEAN+3
Report Date:
Lesson
This TA, however, missed the opportunity to capture knowledge adequately. Implementation experience in activities like the development of municipal bonds at the subnational government level could have been an interesting subject for knowledge products shared with other countries.

Project Number: 45396-001
Project Name: Enhancing the Regulatory Framework of Financial Sector Development and Oversight
Report Date:
Lesson
Learning from experiences of other countries is important for knowledge building, so ADB member countries can learn from each other. This TA supported tax neutrality for the Islamic capital market as experience in Malaysia showed that this is one of the building blocks for development of Islamic finance.

Project Number: 45396-001
Project Name: Enhancing the Regulatory Framework of Financial Sector Development and Oversight
Report Date:
Lesson
The TCR could have TCR could have provided further details about the national agenda/initiatives from India, Indonesia, and the PRC (Green Finance Initiative) brought about by the experience in developing this regional AMF. Based on the wrap-up workshop brief, staff from the East Asia Deparment, Central and West Asia Department, Office of the Special Project Facilitator, South Asia Department, and Sustainable Development and Climate Change Department, were present. Such details and other lessons from the Manila wrap-up workshop could have been mentioned in the TCR as well.

Project Number: 53140-001
Project Name: Developing Accountability and Mechanism Framework for Financial Intermediaries
Report Date: