Sri Lanka: Aquatic Resource Development and Quality Improvement Project
sector: Agriculture, Natural Resources, and Rural Development, Finance | country: Sri Lanka
Based on what transpired during the project’s life, seven key lessons valuable to both the borrower and to ADB were drawn out in the project completion report (PCR). This validation is in conformity with the PCR that implementation delays and changes in scope could be averted by (i) adopting a sector approach to enhance simplicity and effectiveness; (ii) organizing a strong project management office (PMO) that is detached from the executing agency; (iii) training in-house of contracted staff of the implementing agency for social mobilization rather than contracting an outside entity to be more sustainable; (iv) allocating longer lead time for activities that require complex legal and administrative actions; (v) regularly reviewing and updating the design and monitoring framework to aid in monitoring; (vi) designing a credit facility based on market demand; and (vii) properly regulating community-based enterprises to promote sustainable and profitable businesses. This validation further adds that any conduit institution for a credit facility needs to undergo a thorough due diligence in terms of its lending policies and procedures, and that key players (i.e., National Development Bank/NDB and National Development Trust Fund/NDTF) must be required to participate in stakeholder consultations so that a credit facility can be designed realistically based on market demand and actual experiences of lending agencies.