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Lesson
Apart from offering concessional interest rates,ADB and China National Investment and Guaranty Corporation (I&G) could explore providing enhanced value-added services for ongoing and future financial intermediation loan initiatives in air quality improvement or climate change programs. The global economic slowdown dampened enthusiasm for green investments, while the rise in euro interest rates and the reduction of yuan lending rates since 2022 presented additional challenges for green financing eligible subprojects within the greater Beijing–Tianjin–Hebei region.

Project Number: 50096-002
Project Name: Air Quality Improvement in the Greater Beijing–Tianjin–Hebei Region—China National Investment and Guaranty Corporation’s Green Financing Platform Project
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Lesson
Financing a series of smaller projects within a broader financing structure can provide efficient infrastructure improvement support on a larger scale. Although the project completion report indicated that these types of projects should contain fewer districts to reduce the implementation burden, the report confirmed the efficacy of the project. Therefore, to provide large-scale infrastructure, it may be preferable to finance a series of smaller projects within a broader financing structure, such as a multitranche financing facility.

Project Number: 45084-002
Project Name: Coastal Climate-Resilient Infrastructure Project
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Lesson
Benefits linked to better utilization of data generated by successful initiatives need to be systematically built into or embedded in efforts to replicate these initiatives. The special management areas (SMAs), showcasing an initiative to increase the ability of coral reefs to recover after climate-related events, are undoubtedly a success story. It has been adopted and implemented nationwide by other development partners.

Project Number: 46351-002
Project Name: Climate Resilience Sector Project
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Lesson
Climate risk assessments must be undertaken during project preparation, with results factored into the project design and budgets. The project experienced unforeseen landslides, pointing out the need to (i) improve climate modelling at design stage to incorporate potential climate change impacts on frequency and severity of landslide hazards for projects located in mountainous areas, and (ii) ensure adequate budget or contingency for potential increase of land acquisition during implementation.

Project Number: 46042-002
Project Name: Shaanxi Mountain Road Safety Demonstration Project
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Lesson
The selection of appropriate project financing modality (through feasible project design) in line with country capacities is a crucial factor in achieving complex project objectives and overall project success. Availability of financing that is time-bound, such as multitranche financing facilities or sector lending puts the onus on the counterpart government to ensure project readiness from its side.

Project Number: 35448-013
Project Name: Omnibus Infrastructure Development
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Lesson
Data interoperability facilitates beneficiary targetting in times of crisis. Difficulty in consolidating data between federal, provincial, and local-level governments and between sectors affected program implementation and progress monitoring. While Nepal’s social security programs each identify and register beneficiaries, there is no central register for poor and vulnerable populations. Hence, the ward officials identified food support beneficiaries, which led to implementation challenges.

Project Number: 54184-001
Project Name: COVID-19 Active Response and Expenditure Support Program
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Lesson
Purposeful selection of outcome Indicators that are easily and regularly monitored is critical in crisis response projects. There is a high level of uncertainty surrounding the duration and impact of a crisis. Thus, choosing outcome Indicators that provide timely and crucial information on the progress of the crisis and the impact of policy measures can help manage a crisis, as it allows to quickly introduce new measures when the situation worsens.

Project Number: 54184-001
Project Name: COVID-19 Active Response and Expenditure Support Program
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Lesson
Quick and flexible budget support is essential during times of crisis. The timely availability of the ADB CPRO support greatly contributed to mitigating the impact of the pandemic, particularly for low-income countries and countries in vulnerable situations. Availability of such an instrument is highly relevant for a country in times of crisis.

Project Number: 54184-001
Project Name: COVID-19 Active Response and Expenditure Support Program
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Lesson
Harness the role of community-based organizations for inclusiveness. Community-based organizations (CBOs) played an active role in implementing the PMEP, such as facilitating information dissemination in the community, collecting applications from interested unemployed individuals, and connecting them to ward offices. Similarly, CBOs helped the government in identifying poor and vulnerable people as recipients of its food distribution efforts and contributed to addressing food needs during the crisis.

Project Number: 54184-001
Project Name: COVID-19 Active Response and Expenditure Support Program
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Lesson
Comprehensive and disaggregated enterprise-level data are needed to effectively support micro, small, and medium-sized enterprises (MSMEs) in times of crisis. The absence of a real-time disaggregated financial data collection system at the beneficiary level made it difficult to timely track the status of business recovery of affected MSMEs. The dataset collected and used in reports on MSME lending did not include comprehensive disaggregated enterprise-level data from the start, making it impossible to assess the inclusiveness of the concessional lending.

Project Number: 54184-001
Project Name: COVID-19 Active Response and Expenditure Support Program
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Lesson
Maintaining economic growth and protecting the vulnerable in crisis situations demand timely intervention and sizable stimulus package. The success of the government countercyclical program in maintaining economic growth and protecting vulnerable populations validated the effectiveness of the government’s approach.

Project Number: 54180-001
Project Name: COVID-19 Active Response and Expenditure Support Program
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Lesson
ADB's COVID-19 Pandemic Response Option (CPRO) modality was effective. The CPRO program established a model for ADB to channel timely support to developing member countries to address major health and economic challenges. The speed of delivery, efficient implementation, and strong development impact achieved validate the success of this model, which can be deployed to further assist countries in their economic recovery.

Project Number: 54180-001
Project Name: COVID-19 Active Response and Expenditure Support Program
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Lesson
The One ADB approach is effective in delivering in timely crisis response. A contributing factor to the timely delivery of COVID-19 assistance and support is the One ADB approach in program processing, especially the strong role of the resident mission. With all the relevant departments working as contributors and partners, this approach broke down barriers and improved communications, resulting in faster turnaround and higher-quality outputs. The resident mission played a critical role in the preparation of the program, policy dialogue, and the eventual implementation of the program.

Project Number: 54180-001
Project Name: COVID-19 Active Response and Expenditure Support Program
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Lesson
Close and sustained engagement with the government and development is essential to the success of crisis response programs. This program’s design and implementation benefited from the strength of ADB’s close engagement with the government. ADB’s continuous policy dialogues with the government contributed to the government’s response strategy and development financing plan. The resulting close alignment also promoted ADB’s rapid processing, impactful design, and smooth implementation of the program.

Project Number: 54180-001
Project Name: COVID-19 Active Response and Expenditure Support Program
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Lesson
While cash support is vital for immediate relief and consumption smoothing during a crisis, which in turn reduces the adoption of risky coping strategies—such as reducing food intake, selling assets, or borrowing—it is important during the post-crisis or recovery period to introduce programs that increase poor and vulnerable households’ resilience to future shocks.

Project Number: 54214-001
Project Name: Shock-Responsive Social Protection Project
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