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Lesson
Customizing the terms of reference of auditors to project requirements and ensuring that they are properly oriented on these requirements are critical to promoting project compliance with ADB financial management procedures. There were gaps in complying with the financial management conditions of the loan agreement, including the need to timely submit audit reports and auditor’s management letters and opinions.

Project Number: 49419-002
Project Name: Solar Rooftop Investment Program - Tranche 1
Report Date:
Lesson
Project financial auditing needs to be synchronized with the project Completion review timeline which requires disclosure of the report within 12 months of the financial closing of the loan account.

Project Number: 42378-017
Project Name: Power System Expansion and Efficiency Improvement Investment Program (Tranche 3)
Report Date:
Lesson
Better coordination and the Preparation of a consolidated project financial statement for projects being implemented by multiple agencies will facilitate the timely submission of annual project financial statements (APFSs) which in turn will help avoid delays in loan disbursements. In this program, the Preparation by the two EAs of separate annual project financial statements, both audited by an external auditor, created an unnecessary administrative overload for ADB.

Project Number: 35290–013, 35290–043
Project Name: North Eastern Region Capital Cities Development Investment Program (Tranche 3 and Multitranche Financing Facility)
Report Date:
Lesson
It is important for green finance to be supported by robust product development.

Project Number: 45229-001
Project Name: Access to Green Finance Project: Project Completion Report
Report Date:
Lesson
Any adjustment in scope, to be considered in ADB’s project performance evaluation, should secure appropriate approval from ADB and be reflected in the design and monitoring framework (DMF).

Project Number: 38272-013, 38272-033
Project Name: Uttarakhand Urban Sector Development Investment Program – Tranche 2 and Multitranche Financing Facility
Report Date:
Lesson
Better envisioning scope changes and other likely causes of project delays will enable swift actions to be taken to minimize or avoid possible delays.

Project Number: 44021-013
Project Name: Integrated Development of Key Townships in Central Liaoning
Report Date:
Lesson
Any adjustment in scope, to be considered in ADB’s project performance evaluation, should secure appropriate approval from ADB and be reflected in the DMF.

Project Number: 38272-023
Project Name: Uttarakhand Urban Sector Development Investment Program - Project 1
Report Date:
Lesson
Careful consideration of overarching and related development plans in the selection of subprojects helps to avoid scope changes.

Project Number: 38594-013
Project Name: Guiyang Integrated Water Resources Management (Sector) Project
Report Date: