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Lesson
Joint activities with development partners (DPs), such as collaboration in knowledge products and joint conduct of capacity-building activities, could maximize synergies and resources further. These could build on close coordination and relationships developed by this project among CAREC countries, as well with DPs which the project team strengthened through regular communication and information exchange, and by inviting the DPs to TA workshops and consultation meetings.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Report Date:
Lesson
As investment portfolio grows and as infrastructure projects increase in number, become larger, more complex, and diverse, it is important to improve the capacity of key institutions. Stronger managerial and technical capacities in areas, such as risk management, pricing, and treasury operations, are essential especially when an institution plays a nodal role in private sector financing in a growing infrastructure environment.

Project Number: 42180-016
Project Name: Third Public-Private Infrastructure Development Facility (Tranche 1)
Report Date:
Lesson
Targeting core reforms is crucial to maximizing program impact. A few policy actions that are critical to improving the effectiveness and efficacy of the Securities and Exchange Commission of Pakistan could have been prioritized, rather than focusing on privatizing public sector enterprises, which can be part of a future reform program dedicated to state-owned enterprise reforms.

Project Number: 53221-001, 53221-002, 53221-003
Project Name: Third Capital Market Development Program (Subprograms 1 and 2)
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
implementation of environmental and social management system, capacity building and skills training, gender mainstreaming, and additional funding support for small businesses. In addition to strengthening the capacity of the PFIs to lend to small businesses, capacity building can also help prepare PFIs without previous experience working with IFIs for future partnerships with international agencies.

Project Number: 42007-018
Project Name: Small Business Finance Project
Report Date:
Lesson
Selection of suitable participating financial institution (PFI) partners is key to the successful implementation of a financial intermediation loan (FIL) project. PFIs that are financially sound, have good track records, and strategic orientation toward small and medium enterprises (SMEs) and strong project ownership—such as those selected under the project—are likely to be effective in implementing FILs for small businesse

Project Number: 42007-018
Project Name: Small Business Finance Project
Report Date:
Lesson
The experience and knowledge gained by the PFIs—especially Davr Bank and the UzbekLeasing International A.O., which subsequently attracted other development partners—added value to the project. The areas that were particularly beneficial across the PFIs were project analysis, formulation, and

Project Number: 42007-018
Project Name: Small Business Finance 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
Projects that introduce new technologies require realistic timelines for design. Familiarization and adoption of new technologies, completion of trial runs, and commercial production take time, and this needs to be accounted in project design

Project Number: 45273-001
Project Name: Financing Brick Kiln Efficiency Improvement Project
Report Date:
Lesson
Well-developed, in-house expertise in appraising infrastructure subprojects, business development, risk management, and monitoring supported by good governance contributes significantly to effective implementation of an infrastructure financing facility. Over the years, IDCOL demonstrated this type of institutional capacity especially in power subprojects.

Project Number: 42180-013
Project Name: Second Public–Private Infrastructure Development Facility
Report Date:
Lesson
Consensus-building requires sufficient time for meaningful and in-depth consultations with various stakeholders. This program’s experience has demonstrated that building consensus between the government and the private sector, as well as among government departments, could take much longer than envisaged. The program design to strengthen the staffing of three major regulatory institutions within 2 years was optimistic, and a more realistic timeframe should have been considered. Future programs that will necessitate consensus-building should provide ample time for this type of activity.

Project Number: 45253-002
Project Name: Third Capital Market Development Program
Report Date: