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Country Strategy and Program Update 2005-2006: Timor-Leste
IV. Portfolio Management IssuesA. Portfolio Performance36. ADB has administered six TFET-funded grant projects totaling $52.8 million.9 These include an emergency infrastructure project, which rehabilitated roads, rural power stations, and the Dili port; two water supply and sanitation projects; one fishing port project; one microfinance project; and a rural road rehabilitation project. Most projects are at an advanced stage of implementation. Generally, the implementation of projects has been satisfactory. 37. Since 2000, 22 TAs have been approved totaling $9.3 million. The TAs are mainly for capacity building. As at 31 July 2004, there were 11 active TAs. Most TAs are being implemented satisfactorily. 38. The Government still lacks implementation and absorptive capacity. The availability of capable local staff and contractors to implement programs is limited. In order to maximize the capacity-building impact of its assistance, ADB advocates participatory approaches in the design and implementation of its projects. ADB will continue to be involved in helping improve the policy framework in key sectors, including infrastructure, microfinance, and economic and financial management. B. Performance Monitoring and Evaluation39. ADB currently monitors its program through the review of regular progress and audit reports. All ADB assistance is closely monitored to ensure efficient utilization of resources. Currently, the Special Office in Timor-Leste plays an active role in monitoring and evaluation of all ADB activities. ____________________
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