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Lesson
A project specific DMF is key to reliably assessing the implementation progress and overall performance of each tranche project. The DMF for this project contained indicators that pertained to investments under other tranches of the multitranche financing facility (MFF). This made monitoring and evaluation of project progress and performance difficult, with results that hid the real picture and so prevented corrective measures from being undertaken during implementation.

Project Number: 42414-023
Project Name: Sustainable Urban Transport Investment Program - Tranche 1
Report Date:
Lesson
Weaknesses in the design and monitoring framework (DMF) can lead to an inaccurate assessment of project achievements. The project DMF contained indicators that measured benefits that were not entirely attributable to the project, such as the number of tourist nights in Georgia rather than in the Batumi area. Some dimensions of the project’s outcome were omitted, such as the increased protection of coastal infrastructure assets. The reduction of storm-related damage should have been considered as part of project’s outcome performance indicators.

Project Number: 42414-044
Project Name: Sustainable Urban Transport Investment Program - Tranche 4
Report Date:
Lesson
The design and monitoring framework (DMF) should be reviewed and updated as necessary during implementation to ensure continued alignment with other aspects of the program. The outcome and output indicators in the program DMF had been developed at appraisal for achievement over a relatively short period of 24 months. However, when program implementation was extended by 23 months to November 2019, an opportunity was missed to update the targeted dates for the indicators, which were measured about 1 year after the extended program completion date.

Project Number: 45253-002
Project Name: Third Capital Market Development Program
Report Date:
Lesson
Indicators to measure project outcomes should be carefully selected to ensure that they are sufficient, achievable, and aligned with the planned outputs.

Project Number: 43490-013
Project Name: Capital Market and Infrastructure Capacity Support Project
Report Date: