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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
The provision of training and capacity building support at the outset is critical to facilitate project preparation and design, specifically on attending to project pertinent areas before implementation.

Project Number: 42039-034
Project Name: Power Transmission Investment Program - Tranche 1
Report Date:
Lesson
Capacity building requires some time to take effect.

Project Number: 38558-013
Project Name: Water Resources Management Sector Development Program: Project Completion Report
Report Date:
Lesson
It is important for power sector restructuring and unbundling to be supported by capacity building of key agencies and utilities, particularly in financial management.

Project Number: 43151-023
Project Name: Talimarjan Power Project
Report Date:
Lesson
More targeted capacity development could lead to better results.

Project Number: 40263-022
Project Name: Domestic Maritime Support (Sector) Project
Report Date:
Lesson
Focusing on a contiguous set of road sections will make the benefits of longer term highway investment programs easier to assess at both the design and completion stages.

Project Number: 40075-023, 40075-033, 40075-043
Project Name: National Trade Corridor Highway Investment Program (Tranche 3 and MFF)
Report Date:
Lesson
It is important to assess the capacity of the executing and implementing agencies (EAs/IAs) during project preparation and throughout implementation to address existing capacity gaps and manage expectations most suitably.

Project Number: 38272-023
Project Name: Uttarakhand Urban Sector Development Investment Program - Project 1
Report Date: