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Lesson
It will be essential to find a balance in future TA projects between continuing support for the whole region and having activities and outputs focus on a subset of countries to allow for more granularity in analyses and deeper engagements. This was the first TA for the Central Asia Regional Economic Cooperation (CAREC) in the field of disaster risk financing (DRF), and as such, was designed to cover all 11 CAREC countries.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
Support cannot be directed to the most vulnerable in a crisis in the absence of a social protection system that can be utilized or adapted for this purpose—which provides an additional reason for working with developing member countries to establish and strengthen such systems.

Project Number: 54346-001
Project Name: COVID-19 Rapid Response Program
Report Date:
Lesson
The program design benefited from interaction with ADB staff preparing similar Comprehensive Response to the COVID-19 Pandemic (CPRO) programs in other Pacific countries. ADB’s CPRO policy and guidelines were still being refined while the program was under Preparation. Managing the changing internal guidelines and expectations while also coordinating virtually (due to COVID-19 restrictions) with Vanuatu, ADB’s Pacific Liaison and Coordination Office, and ADB headquarters added significant pressure.

Project Number: 54179-001
Project Name: COVID-19 Fiscal Response Program
Report Date:
Lesson
Basing the reporting requirements on the monitoring systems of the government’s own response plan and providing dedicated assistance for monitoring and evaluation will help reduce the burden of the government in meeting the reporting requirements of massive budget support, pandemic response programs such as the CPRO. Budget support mechanisms are relatively new for the borrower, as most development assistance is delivered as project funding or through technical assistance.

Project Number: 54179-001
Project Name: COVID-19 Fiscal Response Program
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
In the TCR’s follow-up actions, it is stated that ADB’s stakeholder support should continue through capacity building and policy advice. It is not clear from the TCR statement if there are new areas or topics to target, or if additional resources are needed to increase the reach of the programs that succeeded through this TA project. A lesson may be possible to develop depending on the specific learning the TCR intends to capture.

Project Number: 50017-001
Project Name: Supporting Financial Sector Development and Stability
Report Date:
Lesson
The TA project’s work on NPL management led directly to a policy_x005F_x0002_based loan that did not appear to be part of the original purpose for the TA. Instead, it appears that the importance of the TA recommendations as well as the urgency of Mongolia’s needs for financial stability, led to the follow_x005F_x0002_on loan. There may have been specific lessons regarding the development of the government’s commitment to NPL management that could be of use to future TA projects seeking to achieve the same commitment to reform that could have been included in the TCR

Project Number: 50017-001
Project Name: Supporting Financial Sector Development and Stability
Report Date:
Lesson
This is a useful lesson learned, but it is phrased as a recommendation. Rephrasing it into a broader lesson learned for other TAs: Active engagement with the private sector, policy maker (MOF), and regulator (OJK) during the implementation of TA project activities in the finance sector can improve the relevance and effectiveness of developed policies.

Project Number: 45396-001
Project Name: Enhancing the Regulatory Framework of Financial Sector Development and Oversight
Report Date:
Lesson
These are useful lessons learned from stakeholder participants. IED further notes that active participation by state-owned enterprises representatives, private sector project developers, and institutional investors highlighting the economic case for the promotion of environmental infrastructure in such TA workshops would be essential to ensure meaningful dialogue and effective knowledge dissemination.

Project Number: 48472-001
Project Name: Promotion of Environmentally Sustainable Infrastructure Investment in Asia and the Pacific
Report Date:
Lesson
Regular engagement with stakeholders, including engagement with the private sector, and the reflection of stakeholder feedback in final documents can help build consensus on key issues and ownership of knowledge products.

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
This lesson learned is too broad to be able to provide guidance for other projects. A more specific lessoncould be that a strong support from the implementing agency is critical for increased stakeholder commitment, which contributes to the achievement of the TA’s outputs.

Project Number: 48040-001
Project Name: Export- and Innovation-Led Industrial Development
Report Date:
Lesson
Implementation of TA activities in the finance sector should actively engage the private sector so that the policies developed by MOF and OJK are relevant and effective. A good example is the diagnosis of tax neutrality for the Islamic capital market, which included significant consultation with issuers, legal and tax experts, banks and capital market intermediaries. This feature is a good practice and should be replicated in other TAs.

Project Number: 45396-001
Project Name: Enhancing the Regulatory Framework of Financial Sector Development and Oversight
Report Date:
Lesson
Since the CSIF, which the TA supports has been a regional discussion platform under the ABMI TF4, consensus among members on subject matters was, and is, essential. To ensure regional consensus, the combination of inducing active participation of the members and engaging close consultation with ASEAN+3 government officials is quite important. In addition, further engagement with the private sector is more desirable, though the preference of the members is still informal and closed.

Project Number: 50055-001
Project Name: Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum
Report Date:
Lesson
Some of the key messages from the final TA workshop held in Beijing in December 2018 included: The importance of investment banks in regulating the environmental policies of construction and infrastructure industries (highlighted by the Deputy Secretary General of the Green Finance Committee of the China Society for Finance and Banking, during his presentation on the policies and requirements for environmental safeguards adopted by investment banks worldwide and trends in the PRC).

Project Number: 48472-001
Project Name: Promotion of Environmentally Sustainable Infrastructure Investment in Asia and the Pacific
Report Date:
Lesson
Active participation of female professionals, with leading roles such as panelists or session moderators, should be encouraged and sought for in future conferences to address. gender balance in a more substantial way

Project Number: 48472-001
Project Name: Promotion of Environmentally Sustainable Infrastructure Investment in Asia and the Pacific
Report Date: