[{"bbox": [129, 162, 752, 195], "category": "Section-header", "text": "# 4 IMPLEMENTATION ARRANGEMENTS"}, {"bbox": [159, 228, 456, 258], "category": "Section-header", "text": "## 4.1 Financing Agreement"}, {"bbox": [140, 274, 1132, 328], "category": "Text", "text": "In order to implement this action it is not envisaged to conclude a financing agreement with the Federal Democratic Republic of Ethiopia."}, {"bbox": [159, 342, 582, 373], "category": "Section-header", "text": "## 4.2 Indicative Implementation Period"}, {"bbox": [140, 388, 1133, 469], "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 60 months from the date of adoption by the Commission of this Financing Decision."}, {"bbox": [140, 494, 1132, 548], "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": [159, 588, 768, 619], "category": "Section-header", "text": "## 4.3 Implementation of the Budget Support Component"}, {"bbox": [140, 634, 183, 657], "category": "Text", "text": "N/A"}, {"bbox": [159, 675, 514, 706], "category": "Section-header", "text": "## 4.4 Implementation Modalities"}, {"bbox": [140, 733, 1132, 811], "category": "Text", "text": "The Commission will ensure that the EU appropriate rules and procedures for providing financing to third parties are respected, including review procedures, where appropriate, and compliance of the action with EU restrictive measures⁸."}, {"bbox": [129, 839, 623, 867], "category": "Section-header", "text": "### 4.4.1 Indirect Management with an entrusted entity"}, {"bbox": [140, 882, 1080, 934], "category": "Text", "text": "A part of this action may be implemented in indirect management with Kreditanstalt für Wiederaufbau (KFW)."}, {"bbox": [140, 960, 1133, 1013], "category": "Text", "text": "This implementation entails output 1.1. (Increased flow of financing to MSMEs including youth and women)."}, {"bbox": [140, 1027, 761, 1054], "category": "Text", "text": "The envisaged entity has been selected using the following criteria:"}, {"bbox": [184, 1067, 1132, 1121], "category": "List-item", "text": "* Financing and promotional services aligned with the UN Agenda 2030 and contribute to the achievement of the Sustainable Development Goals (SDGs)."}, {"bbox": [184, 1134, 1133, 1189], "category": "List-item", "text": "* Experience in effectively exercising or planning to undertake activities within the field of development finance for the private sector in countries outside the European Union."}, {"bbox": [184, 1202, 1132, 1256], "category": "List-item", "text": "* Technical competencies in managing over EUR 20 000 000 in private sector development programmes in developing countries."}, {"bbox": [184, 1269, 1132, 1323], "category": "List-item", "text": "* Working experience in Africa, if possible in Ethiopia with government institutes, donor agencies, local development and commercial banks, and private sector."}, {"bbox": [140, 1335, 1132, 1388], "category": "Text", "text": "In case the envisaged entity would need to be replaced, the Commission's services may select a replacement entity using the same criteria. If the entity is replaced, the decision to replace it needs to be justified."}, {"bbox": [129, 1414, 623, 1441], "category": "Section-header", "text": "### 4.4.2 Indirect Management with an entrusted entity"}, {"bbox": [140, 1468, 1132, 1520], "category": "Text", "text": "A part of this action may be implemented in indirect management with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)."}, {"bbox": [129, 1572, 1143, 1646], "category": "Footnote", "text": "⁸ www.sanctionsmap.eu. Please note that the sanctions map is an IT tool for identifying the sanctions regimes. The source of the sanctions stems from legal acts published in the Official Journal (OJ). In case of discrepancy between the published legal acts and the updates on the website it is the OJ version that prevails."}, {"bbox": [1027, 1681, 1143, 1705], "category": "Page-footer", "text": "Page 16 of 20"}]