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Lesson
Gender elements should be a default item in the menu of actions for projects and programs supporting financial inclusion.

Project Number: 46371-002
Project Name: Strengthening Economic Management Program II
Report Date:
Lesson
A major constraint to the sustainability of reforms in macroeconomic management and financial sector development in small economies is the difficulty in recruiting, training, and retaining staff to undertake key analysis, supervision, and management functions.

Project Number: 46371-002
Project Name: Strengthening Economic Management Program II
Report Date:
Lesson
Actions related to information technology (IT) require attention during both planning and implementation.

Project Number: 46371-002
Project Name: Strengthening Economic Management Program II
Report Date:
Lesson
Utilize technical assistance (TA) resources effectively for capacity building.

Project Number: 46371-002
Project Name: Strengthening Economic Management Program II
Report Date:
Lesson
Communication and consultation are important at every stage of a program.

Project Number: 46371-002
Project Name: Strengthening Economic Management Program II
Report Date:
Lesson
Strong government ownership and effective program coordination are essential.

Project Number: 46371-002
Project Name: Strengthening Economic Management Program II
Report Date:
Lesson
Consolidate gains before introducing further reforms.

Project Number: 46371-002
Project Name: Strengthening Economic Management Program II
Report Date:
Lesson
Legislative and political risks should be examined carefully.

Project Number: 46371-002
Project Name: Strengthening Economic Management Program II
Report Date:
Lesson
In the context of Sri Lanka where the areas of reform are complex, the use of a sequenced approach to reforms would have been more appropriate.

Project Number: 34320-013
Project Name: Rural Finance Sector Development Program
Report Date:
Lesson
Adequate assessment of institutional capacity of implementing agencies at formulation would have been needed to effectively address constraints.

Project Number: 34320-013
Project Name: Rural Finance Sector Development Program
Report Date:
Lesson
Government commitment and buy-in is important in a reform program such as Rural Finance Sector Development Program. There should have been strong commitment of the government and stakeholders to develop the sector and achieve sustainable rural finance.

Project Number: 34320-013
Project Name: Rural Finance Sector Development Program
Report Date:
Lesson
Timely project completion report (PCR) is important for maintaining policy dialogue and assessing the need for follow-up actions and future assistance. Project Administration Instruction No. 6.07A recommends that the PCR be prepared between 1-2 years after project completion. In the case of Rural Financial Sector Development Program (RFSDP) program loan, the second (and final) tranche was released in February 2006. The bulk of activities under Project 1 and Project 2 were completed in 2008.

Project Number: 34320-013
Project Name: Rural Finance Sector Development Program
Report Date:
Lesson
The program loan tranches were front-loaded, with $35 million of the total program amount of $50 million programmed for the first two tranches. The first two tranches were largely preparatory measures and intermediate steps. Had the program been back-loaded with relatively larger amounts allocated to the third and fourth tranches, it is possible that the authorities would have been more inclined to implement some of the more difficult reform measures.

Project Number: 34320-013
Project Name: Rural Finance Sector Development Program
Report Date:
Lesson
Overly ambitious and complex projects are less likely to be successful. The Program objectives had a strong rationale and the design was technically sound. However, in view of the weak implementation capacity of the executing agency and the implementing agencies, the Program would likely have yielded better results with a more focused and prioritized set of policy actions and project activities. Moreover, the Rural Financial Sector Development Program was approved only three months prior to the April 2004 parliamentary election.

Project Number: 34320-013
Project Name: Rural Finance Sector Development Program
Report Date: