ANSWER:
Please see PAI Question 0072 which is applicable. Physical implementation progress should not be used for deciding whether or not to prepare a PCR. It is a subjective measure that creates an artificial decision point. In our opinion, disbursement of ADB funds is the deciding factor for PCR preparation. Once a disbursement is made, a PCR is required in order to account for how these funds were used. For a substantially-cancelled project, the PCR will obviously be abbreviated, covering for example only the project description and history, reason(s) for the cancellation, the work done, loan funds disbursed, lessons learned and recommendations. The two latter topics could be significant for future projects. We will clarify this point in the PAI.
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