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Lesson
Cofinancing expands possible project activities and outputs. Cofinancing from the Financial Sector Development Partnership Special Fund (FSDPSF) for this project allowed a more comprehensive set of deliverables and activities under outputs 1, 3, and 4. It provided flexibility in the use of resources, as FSDPSF beneficiaries are not differentiated according to country categories.

Project Number: 53198-001
Project Name: Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
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Lesson
Post-TA financial resources should be sought and considered in order to implement the recommendations made, based on the in-depth diagnostic studies completed for Nepal and Cambodia under the TA. These recommendations will require financial contributions for the effective implementation of an adapted, coherent, transparent, and equitable property tax for all.

Project Number: 54076-001
Project Name: Strengthening Property Tax Management to Enhance Local Revenue
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Lesson
Continuing dialogue between ADB and the Uzbekistan government is necessary to further improve the government's focus on gender equality and women’s empowerment. Potential gender entry points for ADB could be to support knowledge building on gender-based budgeting, integrating gender and social dimensions into social protection systems, and gender-focused small and mediyum-sized enterprise development programs for job creation.

Project Number: 56149-001
Project Name: Building Resilience with Active Countercyclical Expenditures Program
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Lesson
It is important to listen to government counterparts and to understand the local context of the country through in-depth diagnostic study. This will help in recommending suitable and context-specific solutions. Project teams should try to anticipate country requests, especially during the conduct of the diagnostic studies, for which costs can sometimes be underestimated.

Project Number: 54076-001
Project Name: Strengthening Property Tax Management to Enhance Local Revenue
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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
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Lesson
ADB has been at the forefront of social welfare reform in Mongolia. Continued engagement at the country level is key to further strengthening the system through improved targeting, consolidation of benefits, and improved financial sustainability. Although not the aim of the emergency assistance loan, the project highlighted the need for further reforming the system.

Project Number: 54214-001
Project Name: Shock-Responsive Social Protection Project
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Lesson
It might be useful to develop a climate finance strategy for the state-owned enterprises(SOE) sector, building on the experience and lessons from this program's. Assessment of the fiscal risks associated with climate change was incorporated into subprogram 2. This highlights the significant role SOEs can play in addressing climate change impacts and supporting the countries climate obligations. Given this, it might be useful to establish a climate finance strategy for the SOE sector, building on the experience and lessons from this program.

Project Number: 54271-001, 54271-002
Project Name: Fiscal Resilience and Social Protection Support Program (Subprograms 1 and 2)
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Lesson
Additional measures are necessary for the government securities market to stimulate demand from both retail and institutional investors. The program had several supply-based reforms, particularly around the primary dealer system and government bonds; however, turnover velocity was below the target, particularly for the secondary market relating to government securities. This would suggest that additional demand-based measures are as of December 2023 required for the government securities market to stimulate demand from both retail and institutional investors.

Project Number: 54271-001, 54271-002
Project Name: Fiscal Resilience and Social Protection Support Program (Subprograms 1 and 2)
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Lesson
Effective coordination and harmonization of policies, strategies, and action plans among the development partners can meaningfully support fragile countries. The joint policy reform matrix (JPRM) demonstrated how four development partners came together to provide sizable budget support to Tonga in its hour of need, when the country faced multiple challenges, including disasters triggered by natural hazards, the COVID-19 pandemic, and a fragile economy.

Project Number: 55016-001
Project Name: Economic Recovery Support Program
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Lesson
An innovative approach is needed to encourage the government in implementing critical reforms, but the approach needs to be culturally sensitive. The program shows that a reform associated with a wage bill is difficult to implement. Layoffs or significant cuts in overtime payment have social ramifications and need to be dealt with sensitively, especially when there are limited alternative employment opportunities.

Project Number: 55016-001
Project Name: Economic Recovery Support Program
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Lesson
A combination of policy-based lending (PBL) and technical assistance (TA) engagement, based on ADB's differentiated approach in small island developing states (SIDS), can further enhance the impact of ADB assistance to public sector management in Fiji. The design of this reflected ADB's differentiated approach in SIDS, spreading reforms across complementary areas and government units while combining policy actions that introduce or advance policy and legal frameworks with those that support their implementation.

Project Number: 55116-001
Project Name: Sustainable and Resilient Recovery Program
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Lesson
Partnerships and cofinancing possibilities need to be further explored, considering that traditional and emerging bilateral and multilateral partners have a strong presence in the Pacific which could provide opportunities for greater collaboration.

Project Number: 50028-001, 50028-002
Project Name: Pacific Disaster Resilience Program (Phases 1 and 2)
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Lesson
Increasing disaster risk financing (DRF) in participating DMCs is critical to reduce negative impacts on lives, livelihoods, and economic and fiscal outcomes. The program contributed to significantly higher pre-disaster financing, helping to partially fill gaps following a disaster event. Three aspects could be further explored. First, CDF was created for medium-scale disaster events that occur about every 3–10 years, whereas, in practice, qualifying events in the Pacific have occurred with greater frequency and led to higher levels of damages in certain countries.

Project Number: 50028-001, 50028-002
Project Name: Pacific Disaster Resilience Program (Phases 1 and 2)
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Lesson
Staffing and consultant resources for country engagement as well as technical assistance (TA) appear still limited relative to the number of countries and the program scope. ADB’s role in coordinating and systematically addressing DRM has been strengthened through the program. The attached TA has been playing a growing role in boosting ADB capacity (including for knowledge building and sharing), and the overlap and continuity of the new TA attached to the program’s fourth phase approved in 2023 is positive.

Project Number: 50028-001, 50028-002
Project Name: Pacific Disaster Resilience Program (Phases 1 and 2)
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Lesson
The use of IT has become part and parcel of fiscal decentralization efforts. Before the program, most agencies were hesitant to invest in IT infrastructure and resorted to grants from development partners. The program encouraged the government to appreciate the importance of sustaining the systems from the local governments' own budgets, greatly reducing the risk that the systems would not be sustained.

Project Number: 52173-001, 52173-003
Project Name: Local Governance Reform Program
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