Learning Curves: Real-time Evaluation of ADB's Multi-tranche Financing Facility
This Learning Curves summarizes the key findings and recommendations of the real-time evaluation of ADB's multi-tranche financing facility. It examines the cost and benefits associated with the modality, by considering efficiency gains or cost reductions as well as gains in development effectiveness. It reviews whether the lessons or initial outcomes before the modality was mainstreamed led to any changes in policy for the facility or operating requirements to improve its effectiveness. It also provides insights into the future design of multi-tranche financing facility interventions.