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Lesson
Some of the TA activities helped to increase close collaboration with South Asian Association for Regional Cooperation, which was always included in the dissemination and capacity development programs.

Project Number: 45396-001
Project Name: South Asia Economic Integration Partnership
Report Date:
Lesson
The same project officer handled the sole subproject under the cluster TA from the start to the end. There was also no change in consultants at any stage. They were found to be highly qualified for the tasks assigned. This shows the importance of consistency not only in managing the TA, but also of the consultants’ inputs for successful achievement of the outputs.

Project Number: 45396-001
Project Name: South Asia Economic Integration Partnership
Report Date:
Lesson
Partnership with United Kingdom’s Department for International Development (DFID) helped extensively to supplement the efforts in related activities under RETA 8619 and expand the capacity development on Bangladesh and Nepal. The cluster TA funded travel-related expenses of participants from Bangladesh and Nepal on the SASEC Cross-border Power Trade Development Study Tour held in Nord Pool Spot, Oslo, Norway, while RETA 8619 funded those of participants from other SASEC member countries.

Project Number: 45396-001
Project Name: South Asia Economic Integration Partnership
Report Date:
Lesson
Bringing together the relevant government stakeholders such as the ministries-in-charge of energy, the power utilities and transmission utilities, and the regulatory agencies in the intergovernmental meetings helped to further the discussions more effectively at both policy and technical levels.

Project Number: 45396-001
Project Name: South Asia Economic Integration Partnership
Report Date:
Lesson
This describes outputs and does not constitute a lesson. During the finalization of this validation, SARC provided another lesson: The availability of a comprehensive database with regional information aids in the scaling up of cross-border sector plans and/or initiatives.

Project Number: 45396-001
Project Name: South Asia Economic Integration Partnership
Report Date:
Lesson
Prior consultation with countries targeted to participate should be done extensively during preparation of the TA. For the subproject, the convenient process of TA approval helped to mobilize necessary resources for these supplementary activities in a timely manner.

Project Number: 45396-001
Project Name: South Asia Economic Integration Partnership
Report Date:
Lesson
The SASEC Transmission Master Plan is expected to be updated and expanded soon to include Myanmar, which exercise has been eased by the availability of requisite databases. The findings of the feasibility study on power trading companies in Bangladesh and Nepal would help similar studies on other countries.

Project Number: 45396-001
Project Name: South Asia Economic Integration Partnership
Report Date:
Lesson
The Japan Ministry of Finance and Japan International Cooperation Agency have been strong supporters of ACMF. ADB staff should explore opportunities to collaborate with these stakeholders in the implementation of future TA projects to provide visibility for their support and leverage on their role within the government and the private sector in Japan. The green bond study visit to Tokyo supported under this TA was a good start.The Investment Climate Facilitation Fund is a good source of TA funding forregional cooperation and integration.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
ADB provides support for capital market integration through the ASEAN as well as the ASEAN+3 processes. The latter is supported by the staff in the Economic Research and Regional Cooperation Department (ERCD). While there was some coordination with ERCD staff in the implementation of this TA, more coordination is required to find synergies between the various regional finance sector TA projects. This will reduce overlaps and produce better outputs by leveraging on the strength and network of counterparts supported by different regional TA projects.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
The independent validation process implemented under the ACGS is good practice for knowledge building. It gives practical information on actual corporate governance practices of PLCs. Many ACMF initiatives have good traction within the region. However, awareness beyond ASEAN is limited. In addition to the existing knowledge sharing of best practices within ASEAN, future support to ACMF should also include engagement with international partners. This includes foreign academic institutions with strong private sector partnerships.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
ADB should explore how to link up ACMF initiatives with other departments of ADB to scale up and so the substantial technical work with ACMF can be made operationally relevant. ACMF’s initiatives on green bonds and corporate governance can help ASEAN member countries develop their capital markets and improve corporate governance standards of PLCs. There is also potential replication to other regional groupings outside ASEAN including the Central Asia Regional Economic Cooperation.

Project Number: 48143-001
Project Name: Enhancing Association of Southeast Asian Nations Capital Market Integration
Report Date:
Lesson
This validation notes that the TA on "Early Harvest" Implementation of the Cross-Border Transport and Trade Facilitation in the GMS, was approved on 22 October 2020, with an amount of $1.5 million financed by the United Kingdom Fund for Asia Regional Trade and Connectivity under the Regional Cooperation and Integration Financing Partnership Facility (footnote 19). The TA report indicated that it has been designed to build on the outputs delivered by the present cluster RETA.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
Subsequent TA to continue support to transport services liberalization in the GMS is being finalized. Funding of $1,500,000 under United Kingdom Government of Asia Regional Trade and Connectivity Fund has been secured.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
While TTF covers a large number of issues, the attempt in subproject 1 to design a single TA to cover all aspects lead to a lack of balance and feasible progress across all outputs. Subproject 2 narrowed the focus based on the mid-term review of subproject 1 (i.e. traffic rights exchange and customs transit issues) for more feasible progress in line with the GMS member country positions.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date:
Lesson
The key outputs in GMS TTF involve market liberalization and preferential treatment, e.g. exchange of traffic rights, resulting from negotiations between GMS Transport Ministers. As such, while engaging a lead expert to supervise various inputs to the implementation was effective at a technical level, intensive involvement of ADB staff is still required for policy dialogue at senior and ministerial levels in the GMS countries.

Project Number: 44174-022
Project Name: Support for Implementing the Action Plan for Transport and Trade Facilitation in the Greater Mekong Subregion (Subprojects 1 and 2)
Report Date: