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Lesson
ADB financial sector operations in India. The limited fiscal space for government guarantees, including to India Infrastructure Finance Company Limited, emphasizes the need for innovation and well-structured ADB interventions in the financial sector and infrastructure financing, including public nonsovereign operations, for ADB to remain relevant to changes and financial market developments in India.

Project Number: 41036-013
Project Name: Second India Infrastructure Project Financing Facility
Report Date:
Lesson
The success of India Infrastructure Project Financing Facility II draws important lessons of building and maintaining strong partnerships during project implementation, not only with the government and India Infrastructure Finance Company Limited (IIFCL) but also with development partners, banks and financial institutions, project sponsors, and other stakeholders. Building awareness, continuous dialogue, and strengthening safeguard practices of IIFCL and banks/ and financial institutions are crucial to ensure effective project implementation and disbursements.

Project Number: 41036-013
Project Name: Second India Infrastructure Project Financing Facility
Report Date:
Lesson
The ownership by the government of the reform process and the leadership the government shows are absolutely critical in a postconflict scenario. This was demonstrated in the case of the leadership shown by the finance minister, which was not always matched in PMPL sectors. Given the multisectoral nature of the program and the utilization of the proceeds in various reconstruction and development projects, strong oversight mechanisms needed to be in place at the outset to ensure optimal use of and reporting on funds.

Project Number: 36231-013
Project Name: Postconflict Multisector Program
Report Date: