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Lesson
Clarity between the policy matrix and the DMF is important for monitoring and evaluating results. A clear line between the prior actions and the overall development outcome is important so that the program achievements can be judged consistently.

Project Number: 47314-001
Project Name: Kiribati: Strengthening Fiscal Stability Program
Report Date:
Lesson
TA support is important. If a TA grant is not directly provided to support reform implementation, it is important to link reforms to existing areas of technical assistance. ADB helped support SOE reforms before and after grant release, so there was existing support in the area, which would continue after the PBL. The program also benefited from the government and development partners creating a joint policy matrix, which listed a series of policy actions that preceded grant release and supported a post-partnership framework.

Project Number: 47314-001
Project Name: Kiribati: Strengthening Fiscal Stability Program
Report Date:
Lesson
Joint donor support in a small country can provide a significant incentive for reform. Joint support provides an incentive because of its potential significance in overall GDP. Nevertheless, it is still important that reform is country-owned. In Kiribati, the government could see the cost of maintaining its existing fiscal policy because of its negative impact on the RERF, so the external shock also provided an incentive to reform.

Project Number: 47314-001
Project Name: Kiribati: Strengthening Fiscal Stability Program
Report Date:
Lesson
Diagnostics play an important role in the successful implementation of policy reforms.

Project Number: 48044-001, 48044-004, 48044-005
Project Name: Improving Domestic Resource Mobilization for Inclusive Growth Program
Report Date:
Lesson
Gradual and complex reforms require simultaneous activities and flexibility to manage bottlenecks.

Project Number: 48044-001, 48044-004, 48044-005
Project Name: Improving Domestic Resource Mobilization for Inclusive Growth Program
Report Date:
Lesson
Getting stakeholders’ feedback is vital to ensuring commitment to reforms.

Project Number: 46220-001
Project Name: Infrastructure Sustainability Support Program
Report Date:
Lesson
Continued consultations within ADB relevant units enriches the formulation of a policy reform agenda.

Project Number: 46220-002
Project Name: Infrastructure Sustainability Support Program
Report Date:
Lesson
Policy−based loans (PBLs) have a comparative advantage of providing ADB and partner governments a platform for high−level policy dialogue, which otherwise would be difficult to achieve.

Project Number: 46220-003
Project Name: Infrastructure Sustainability Support Program
Report Date:
Lesson
Fiscal and economic downturns may provide opportunities to improve public financial management.

Project Number: 46220-004
Project Name: Infrastructure Sustainability Support Program
Report Date:
Lesson
TA enhances the sustainability of the reform process.

Project Number: 47318-001
Project Name: Strengthened Fiscal Sustainability Program
Report Date:
Lesson
Grants are particularly useful in providing immediate fiscal relief to small and fragile economies.

Project Number: 47318-001
Project Name: Strengthened Fiscal Sustainability Program
Report Date:
Lesson
Setting policy reforms as conditions for fund releases provides a useful incentive for advance reform actions.

Project Number: 47318-001
Project Name: Strengthened Fiscal Sustainability Program
Report Date:
Lesson
The program grant enabled the Revenue Equalization Reserve Fund (RERF) drawdown to be reduced in 2014 and expedited reforms. Ongoing actions under the post-program partnership framework can be combined into a multi-year matrix linked to ongoing budget support. The program also highlighted the importance of partnership (with government and other development partners) through creation of a joint policy matrix.

Project Number: 47314-001
Project Name: Strengthening Fiscal Stability Program: Program Completion Report
Report Date:
Lesson
The grant pre-conditions were an incentive for the government to reform state owned enterprise (SOE) governance and operation and improve management of government revenue, expenditure, assets, and liabilities. An ongoing ADB technical assistance (TA) was timely in supporting SOE reforms that preceded and continued after grant release.

Project Number: 47314-001
Project Name: Strengthening Fiscal Stability Program: Program Completion Report
Report Date:
Lesson
No additional lesson.

Project Number: 39516-023, 39516-013
Project Name: Local Government Financing and Budget Reform Program Cluster
Report Date: