The implementation of future projects should take into account the AWP so as to ensure that the level of resourcing and implementation timeframe are better aligned with the objectives and scope of the Project. Also, the Project should install a Project Management System by incorporating project accounting, procurement, asset management, and grant disbursement. The system should be connected to MFED and UNDP to avoid delay in reconciliation and approval

The Project should give high priority to fully implement all key outputs that have been delivered but have not yet been implemented, particularly the TPF, in order to enhance the impact of the Project.

For not losing the benefits from the project interventions to date, UNDP should start working with MFED, MCIC, EIF and other potential partners to start designing and sourcing a Phase 2 Project. The Phase 2 Project should focus on implementing the major outputs of Phase 1 – particularly TPF, Foreign Investment Act 2018, Foreign investment Regulations 2019, and etc. The Phase 2 Project should continue to work on the activities not completed in Phase 1, such as E-Transaction Act, DTIS Update, and etc. In addition, the Phase 2 Project could seek novel and innovative financing modalities, for example, partnering between UNDP, MCIC, EIF and other financiers to demonstrate best practice projects such as fishery industry development project and tourism development project for expert and import. There is a clear need for a Phase 2 Project – with a focus on finalizing and fully implementing the major outputs delivered by the Project (Phase 1 Project).