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Lesson
Changing mindsets from traditional investment to RBL could take time, requiring all stakeholders to have an in-depth understanding of the RBL modality. The provincial government and education department’s strong commitment to the program has powered ts success.

Project Number: 48101-003
Project Name: Guizhou Vocational Education Development Program
Report Date:
Lesson
A well-designed RBL can make program implementation more efficient and reduce transaction costs during program implementation. This came about in this program with the disbursement-linked Indicators (DLIs) focusing on the main elements of the results chain and framework in the process highlighting the importance of teachers’ and managers’ capacity building and competency-based curriculum (CBC) development, which built a solid foundation for TVET’s sustainable development in Guizhou.

Project Number: 48101-003
Project Name: Guizhou Vocational Education Development Program
Report Date:
Lesson
The results-based lending (RBL) modality provided an integrated arrangement for the provincial government to improve the provincial TVET system. The comprehensive program results framework and management information allowed the government to closely monitor and evaluate the progress of the development of demonstration TVET institutions and accelerated their development.

Project Number: 48101-003
Project Name: Guizhou Vocational Education Development Program
Report Date:
Lesson
Project readiness challenges could result in sequential delays of the different tranches in an MFF, leaving insufficient time for implementation within the MFF term and making MFF less relevant. Prior to the approval of each tranche, the initial design for each project was prepared to varying degrees.

Project Number: 44483-024, 44483-023, 44483-026, 44483-027
Project Name: Second Central Asia Regional Economic Cooperation Corridor 2 Road Investment Program
Report Date:
Lesson
The One ADB review mechanism that supported program and/or project processing under the COVID-19 Pandemic Response Option (CPRO) was effective in facilitating quick access by DMCs to emergency support from ADB. The CPRO policy and guidelines were still being developed while the program was under preparation, and managing changing internal guidance and expectations added significant pressure. Neverthelesss, program preparation efficiency gains from the One ADB review mechanism were widely experienced.

Project Number: 54309-001
Project Name: Health Expenditure and Livelihoods Support Program
Report Date:
Lesson
The partial credit guarantee (PCG) modality was a good choice for this transaction. It enabled ADB sovereign operations to come as close as possible to enabling the IA to obtain commercial financing for a commercially viable project in a country with a below-investment-grade rating. With a One ADB approach, it showed the way to achieve close and collaborative work between ADB’s sovereign and nonsovereign departments. Its 95% cover was important because it facilitated the raising of commercial finance.

Project Number: 49451-002
Project Name: Shah Deniz Gas Field Expansion Project
Report Date:
Lesson
Technical assistance (TA) is required to develop the capacity of institutions to meaningfully engage with ADB on a longer-term basis. ADB’s continuous engagement with the country, during and after a PBL, is essential. It allows ADB to keep a foothold in the country, learn about the reforms being assisted by other development partners, remain updated about emerging needs and issues, support sustainability, and help in processing new programs.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
The absence of a programmatic approach in policy-based loans (PBLs) can put at risk the sustainability of reforms. This program was designed as a stand-alone, single-tranche, PBL and effectively achieved its objective because of strong ownership by and well-coordinated efforts of the authorities and ADB staff. However, the lack of a programmatic approach posed a high risk to the sustainability of the reforms made.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
The MFF modality can allow DISCOMs to tailor the tranche subprojects according to the distribution networks' priorities and complement other rural development programs being implemented at the time. Most upgrade of 0.4 kV feeders to 11 kV feeders, about half the aerial bundle conductors and new connections, and a third of the meters were implemented under other ongoing programs.

Project Number: 43467-015
Project Name: Madhya Pradesh Energy Efficiency Improvement Investment Program - Tranche 1
Report Date:
Lesson
The multitranche financing facility (MFF) has the key advantage of providing predictable, long-term support to the priority investments of developing member countries. This MFF was a continuation of the long-term partnership between the Government of Assam and ADB. It helped modernize Assam’s entire energy sector by achieving 100% electrification of the state through investments worth billions of dollars of which the MFF was only a small part.

Project Number: 41614-013, 41614-036
Project Name: Assam Power Sector Enhancement Investment Program - Tranche 4 and Multitranche Financing Facility
Report Date:
Lesson
MFF tranche projects, when implemented concurrently, will greatly benefit from close loop knowledge support and strategy enhancement activities. The first three projects of this MFF were undertaken concurrently. Under each tranche, project status and performance were carefully assessed. Lessons were captured and fed into the enhancement of operational strategies. The close loop learning process benefited each tranche as well as enhanced the overall value addition of the MFF.

Project Number: 41614-013, 41614-036
Project Name: Assam Power Sector Enhancement Investment Program - Tranche 4 and Multitranche Financing Facility
Report Date:
Lesson
Overconservative cost estimation during the implementation of the multitranche financing facility (MFF) tranche projects may reduce the funding availability for other investments and result in low utilization of the approved MFF amount. Tranche 2’s actual total cost was $64.97 million, 60% of the budgeted amount, and ADB’s loan disbursement was only 61% of the committed amount.

Project Number: 42414-033
Project Name: Sustainable Urban Transport Investment Program - Tranche 2
Report Date:
Lesson
Consideration of the range of alternative modalities helps strengthen the project formulation phase. In the case of this project, this type of assessment could have examined the merits of a project investment vis-à-vis a sector loan in the choice of the modality. If this project had been formulated as a sector project, each of the diverse candidate subprojects would have been analyzed prior to investment, allowing those that were economically unviable or potentially damaging (from an environmental or social point of view) to be dropped and substituted by more viable ones.

Project Number: 43049-013
Project Name: Comprehensive Agricultural Development Project
Report Date:
Lesson
The series of interlinked sector development programs operating with the framework of the government’s education sector policies and plans has proven effective in supporting government secondary education reforms. This long-term approach has provided consistent support and certainty to a long and complex reform agenda that successfully extended the secondary school cycle while simultaneously supporting broadened access and improved quality and efficiency.

Project Number: 40368-022
Project Name: Secondary
Education Sector Development Program
Report Date:
Lesson
Providing analytical and financing support through policy-based lending is effective in maintaining the momentum and sustaining the impact of reforms.

Project Number: 47015-001, 47015-002, 47015-003
Project Name: Sustainable Energy Sector Reform Program (Subprograms 1, 2, 3)
Report Date: