[{"bbox": [85, 129, 708, 163], "category": "Section-header", "text": "# 4 IMPLEMENTATION ARRANGEMENTS"}, {"bbox": [85, 195, 382, 226], "category": "Section-header", "text": "## 4.1 Financing Agreement"}, {"bbox": [96, 241, 1132, 268], "category": "Text", "text": "In order to implement this action, it is envisaged to conclude a financing agreement with the Dominican Republic."}, {"bbox": [85, 280, 510, 311], "category": "Section-header", "text": "## 4.2 Indicative Implementation Period"}, {"bbox": [96, 326, 1134, 406], "category": "Text", "text": "The indicative operational implementation period of this action, during which the activities described in section 3 will be carried out and the corresponding contracts and agreements implemented, is 48 months from the date of entry into force of the financing agreement."}, {"bbox": [96, 432, 1133, 486], "category": "Text", "text": "Extensions of the implementation period may be agreed by the Commission's responsible authorising officer by amending this Financing Decision and the relevant contracts and agreements."}, {"bbox": [85, 524, 697, 555], "category": "Section-header", "text": "## 4.3 Implementation of the Budget Support Component"}, {"bbox": [85, 570, 673, 598], "category": "Section-header", "text": "### 4.3.1 Rationale for the Amounts Allocated to Budget Support"}, {"bbox": [96, 610, 1133, 664], "category": "Text", "text": "The amount allocated for the budget support component is EUR 10 700 000, and for complementary support is EUR 2 300 000 (including an amount of EUR 140 000 that is reserved for evaluation and audit)."}, {"bbox": [96, 689, 1133, 744], "category": "Text", "text": "This amount is based on the estimated cost of a technical assistance contract to accompany the programme, based on the needs (both long term and short term components)."}, {"bbox": [85, 782, 572, 810], "category": "Section-header", "text": "### 4.3.2 Criteria for Disbursement of Budget Support"}, {"bbox": [134, 823, 927, 849], "category": "List-item", "text": "a) Conditions. The general conditions for disbursement of all tranches are as follows:"}, {"bbox": [170, 851, 1133, 930], "category": "List-item", "text": "- Satisfactory progress in the implementation of the selected policy areas in relation to public finances, business environment and MSMEs development under the National multiannual plan of the public sector (PNPSP) and continued credibility and relevance thereof or of the subsequent policy."}, {"bbox": [170, 930, 1133, 984], "category": "List-item", "text": "- Maintenance of a credible and relevant stability-oriented macroeconomic policy or progress made towards restoring key balances."}, {"bbox": [170, 984, 1133, 1064], "category": "List-item", "text": "- Satisfactory progress in the implementation of reforms to improve public financial management, including domestic revenue mobilisation, and continued relevance and credibility of the reform programme."}, {"bbox": [170, 1064, 1133, 1117], "category": "List-item", "text": "- Satisfactory progress with regard to the public availability of accessible, timely, comprehensive, and sound budgetary information."}, {"bbox": [134, 1143, 1133, 1197], "category": "List-item", "text": "b) The performance indicators for disbursement to be used for variable tranches may focus on the following policy priorities:"}, {"bbox": [170, 1197, 1133, 1303], "category": "List-item", "text": "- Indicators related to micro, small and medium sized enterprises (MSME) development sector policy (productivity, competitiveness, formalisation), with strong inclusivity aspects (particular focus on women and youth), promoting clean and sustainable production practices, and with a territorial approach."}, {"bbox": [170, 1303, 1133, 1357], "category": "List-item", "text": "- Indicators related to PFM/DRM (procurement, tax policy, transparency, local management of public finances), business climate and private sector development;"}, {"bbox": [134, 1382, 1133, 1516], "category": "List-item", "text": "c) Modifications. The chosen performance indicators and targets to be used for the disbursement of variable tranches will apply for the duration of the action. However, in duly justified cases, the partner country and the Commission may agree on changes to indicators or on upward/downward revisions of targets. Such changes shall be authorised in writing ex-ante, at the latest at the beginning of the period under review applicable to the indicators and targets."}, {"bbox": [170, 1516, 1133, 1622], "category": "Text", "text": "In exceptional and/or duly justified cases, for instance where unexpected events, external shocks or changing circumstances have made the indicator or the target irrelevant and could not be anticipated, a variable tranche indicator may be waived. In these cases, the related amount could either be reallocated to the other indicators of the variable tranche the same year or be transferred to the next variable tranche the"}, {"bbox": [1027, 1681, 1142, 1705], "category": "Page-footer", "text": "Page 26 of 31"}]