[{"bbox": [85, 119, 767, 148], "category": "Text", "text": "The amount allocated for the budget support component is based on:"}, {"bbox": [85, 177, 1142, 271], "category": "List-item", "text": "- The sector's previous performance under the 11th EDF budget support programme, which has led to a far greater understanding of the budget support modality and has resulted in better communication within the sector and between government agencies."}, {"bbox": [85, 290, 1142, 351], "category": "List-item", "text": "- The Government of Guyana's commitment, Sea and River Defence Policy, LCDS and Mangroves Action Plan 2022-30, for implementing concrete actions within the sector."}, {"bbox": [85, 372, 1142, 433], "category": "List-item", "text": "- The Government of Guyana's renewed commitment to allocate national budget resources in line with the sector policy."}, {"bbox": [85, 463, 1142, 551], "category": "Text", "text": "The following disbursement calendar and profile proposed for the action is indicative. The actual disbursement calendar and profile will be set out in the Financing Agreement and may remain subject to change."}, {"bbox": [96, 576, 996, 812], "category": "Table", "text": "<table><thead><tr><th>Request/payment</th><th>2023</th><th>2024</th><th>2025</th><th>Total</th></tr></thead><tbody><tr><td>Fixed Tranche 1, 2 and 3</td><td>€ 462,000</td><td>€ 462,000</td><td>€ 462,000</td><td>€ 1,386,000</td></tr><tr><td>Variable Tranche 1</td><td></td><td>€ 1,617,000</td><td></td><td>€ 1,617,000</td></tr><tr><td>Variable Tranche 2</td><td></td><td></td><td>€ 1,617,000</td><td>€ 1,617,000</td></tr><tr><td>Total</td><td>€ 462,000</td><td>€ 2,079,000</td><td>€ 2,079,000</td><td>€ 4,620,000</td></tr></tbody></table>"}, {"bbox": [85, 825, 607, 855], "category": "Section-header", "text": "### 4.3.2 Criteria for Disbursement of Budget Support"}, {"bbox": [85, 886, 222, 913], "category": "Section-header", "text": "#### a) Conditions"}, {"bbox": [85, 944, 785, 973], "category": "Text", "text": "The general conditions for disbursement of all tranches are as follows:"}, {"bbox": [158, 1003, 1142, 1090], "category": "List-item", "text": "- Satisfactory progress in the implementation of the Mangroves Action Plan 2022-2032 and the Sea and River Defence Sector Policy and continued credibility and relevance thereof or of the subsequent policy."}, {"bbox": [158, 1091, 1142, 1148], "category": "List-item", "text": "- Maintenance of a credible and relevant stability-oriented macroeconomic policy or progress made towards restoring key balances."}, {"bbox": [158, 1149, 1142, 1235], "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": [158, 1236, 1142, 1294], "category": "List-item", "text": "- Satisfactory progress with regard to the public availability of accessible, timely, comprehensive, and sound budgetary information."}, {"bbox": [85, 1323, 1142, 1410], "category": "Text", "text": "b) The performance indicators for disbursement to be used for variable tranches may focus on policy priorities to enhance the inter-institutional and regulatory framework for mangrove protection, in addition to research on ecosystem services that mangroves can provide."}, {"bbox": [85, 1440, 252, 1467], "category": "Section-header", "text": "#### c) Modifications"}, {"bbox": [85, 1497, 1142, 1641], "category": "Text", "text": "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": [1027, 1680, 1142, 1704], "category": "Page-footer", "text": "Page 23 of 27"}]