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Bhutan: Strengthening Economic Management Program

The program adopted a two-pronged approach to negotiate the challenges of weak economic management in Bhutan. First, it aimed to improve fiscal management to help the government allocate scarce resources more effectively and efficiently. Second, it aimed to improve monetary management to ensure that interest rate policy better matched the demand and supply of loanable funds, thereby improving liquidity management. This approach was to be reinforced by strengthening the internal and external audit systems to improve the monitoring of public resources and strengthen administrative and financial efficiency and accountability including at the subnational level of government. The program supported policy and institutional improvements in four core areas: (i) fiscal management, (ii) debt management, (iii) monetary and liquidity management, and (iv) internal and external audit operations. Five separately approved ADB technical assistance grants spread over 2010–2012 supported capacity building in these and other related areas.

This report validates the completion report’s assessment of the project. IED overall assessment: Successful.

Indonesia: Capital Market Development Program Cluster

The program was formulated as two single-tranche subprograms anchored on the government’s medium-term reform agenda and its financial sector reform programs. The program’s goal was to promote the financial sector’s diversification and resilience. Subprogram 1 undertook reforms to strengthen transparency and information disclosure essential to build confidence in capital markets and institutions, facilitate regulatory oversight, and in turn, to promote price discovery and market liquidity. Subprogram 2 built on the policy actions initiated under subprogram 1 in line with the government’s medium-term reform agenda and the capital market master plan. These included improving surveillance, promoting deeper and more liquid financial markets, and strengthening the role and quality of market participants. This validation is for the program completion report covering both subprograms 1 and 2 (the program). IED overall assessment: Successful.

Financial Sector Development in Central and West Asia: Technical Assistance Completion Report

Technical assistance completion reports describe for technical assistance projects the expected impact, outcome and outputs; conduct of activities; evaluation and achievement of the expected outcomes; an assessment and rating; major lessons; and recommendations and follow-up actions. This document dated September 2015 is provided for the ADB regional project 43359-012.

Capacity Development for Bangladesh Bank: Technical Assistance Completion Report

Technical assistance completion reports describe for technical assistance projects the expected impact, outcome and outputs; conduct of activities; evaluation and achievement of the expected outcomes; an assessment and rating; major lessons; and recommendations and follow-up actions. This document dated August 2015 is provided for the ADB project 45088-001 in Bangladesh.

Harmonization of Bond Standards and Market Practices in ASEAN+3 – Support for ASEAN+3 Bond Market Forum, Phase 2: Technical Assistance Completion Report

Technical assistance completion reports describe for technical assistance projects the expected impact, outcome and outputs; conduct of activities; evaluation and achievement of the expected outcomes; an assessment and rating; major lessons; and recommendations and follow-up actions. This document dated July 2015 is provided for the ADB regional project 45152-001.

Master Plan on ASEAN Connectivity Implementation: Technical Assistance Completion Report

Technical assistance completion reports describe for technical assistance projects the expected impact, outcome and outputs; conduct of activities; evaluation and achievement of the expected outcomes; an assessment and rating; major lessons; and recommendations and follow-up actions. This document dated July 2015 is provided for the ADB regional project 45076-001.