[{"bbox": [83, 105, 1075, 158], "category": "Text", "text": "2.1. Improved institutional systems and regulations linked to investment, finance and business, including for businesswomen and MSMEs, in sectors of green and digital economy"}, {"bbox": [83, 171, 1087, 224], "category": "Text", "text": "2.2. Conditions created for strategic dialogue, involving national key stakeholders and IFIs/DFIs, on sound financial governance and inclusive access to financial services"}, {"bbox": [83, 237, 852, 263], "category": "Text", "text": "NB - Outputs 1.1 - 1.3 contribute towards SO1; Outputs 2.1 - 2.2 contribute to SO2."}, {"bbox": [87, 282, 353, 310], "category": "Section-header", "text": "## 3.2. Indicative Activities"}, {"bbox": [83, 326, 1084, 378], "category": "Section-header", "text": "### Activities related to Output 1.1 – Increased capacities of the Office of the Auditor General (OAG) and continuation of the Financial Governance Committee (FGC)"}, {"bbox": [121, 392, 1144, 445], "category": "List-item", "text": "- TA, training and skills development in support of OAG Strategic Plan implementation e.g. support to execution of annual financial, compliance and special audits (e.g. forensic, ICT) of government activities"}, {"bbox": [121, 446, 1144, 524], "category": "List-item", "text": "- Strategic advice and TA – delivered through a combination of dialogue, stakeholder engagement, formal advisory notes, contract reviews, and commissioned TA - in areas covered by FGC ToR namely fiscal issues, contracts and concessions, natural resource management, and central bank governance"}, {"bbox": [83, 537, 1144, 643], "category": "Text", "text": "NB: the FGC also has a mandate to review and provide advice to FGS on all concession agreements and all procurement contracts above US$5 million in value. The FGC meets on a regular basis; an annual Financial Governance Report (FGR) reviews progress on issues that have been discussed by the FGC during the past year and is publicly available."}, {"bbox": [83, 656, 1144, 710], "category": "Section-header", "text": "### Activities related to Output 1.2 – Greater capability fostered in Somalia’s core economic and fiscal institutions (especially in the areas of macro-fiscal policy, PFM, DRM, Central Banking operations, AML/CFT)"}, {"bbox": [121, 721, 1144, 881], "category": "List-item", "text": "- This component will support fiscal accountability and economic/financial governance reforms within the HIPC framework. Contributing to the IMF Somalia Fund will ensure critical TA is provided in support of gradually strengthening Somalia's PFM/DRM fundamentals and contributing to the nascent AML/CFT framework. More specific policy areas that will benefit from TA include debt management; tax policy and administration; macro-fiscal planning and budgeting; expenditure management; macroeconomic statistics and re-establishment of core central banking operations (e.g. financial regulation and supervision)."}, {"bbox": [83, 893, 1144, 947], "category": "Section-header", "text": "### Activities related to Output 1.3 – Increased opportunities for citizen's scrutiny of fiscal and financial affairs of public interest"}, {"bbox": [121, 958, 1144, 1012], "category": "List-item", "text": "- This strand will support scaled-up activity by local CSOs engaged in fiscal and financial oversight and advocacy for greater government accountability on fiscal and financial governance issues."}, {"bbox": [121, 1012, 1144, 1092], "category": "List-item", "text": "- The ToR for the CSO grant will specify in more detail the scope of activities foreseen under this output, but the focus will be around enhancing external scrutiny of Somali public finances and, more broadly, the role of Civil Society in demanding greater government transparency and accountability."}, {"bbox": [121, 1092, 1144, 1172], "category": "List-item", "text": "- Specific areas of interest will likely be critical analysis of FGS (and FMS) annual budgets; quarterly budget execution reports; annual Financial Governance Reports; and reports/management letters on FGS financial statements and compliance audits performed by the OAG (hence creating a strong synergy with output 1)."}, {"bbox": [83, 1197, 1144, 1252], "category": "Section-header", "text": "### Activities related to Output 2.1 - Improved institutional systems and regulations linked to investment, finance and business, including for businesswomen and MSMEs, in sectors of green and digital economy"}, {"bbox": [121, 1263, 1144, 1341], "category": "List-item", "text": "- Strengthening the sectoral frameworks to encourage investments in sustainable energy and digital infrastructure and services, and improving facilitation and promotion of investments in Somalia, including investments from the EU."}, {"bbox": [121, 1343, 1144, 1504], "category": "List-item", "text": "- Improving business environment by (i) addressing regulatory gaps, in the area of renewable energy, digital infrastructure, inclusive financial services, public-private partnerships, and streamlining and enhancing transparency of regulations, (ii) building capacities to attract sustainable investments in key value chains including from foreign actors (iii) Supporting an inclusive (i.e. including women in business) public-private dialogue (PPD) and thriving business communities, through capacity building and advisory services for public and private institutions at national and regional level, including relevant sector associations."}, {"bbox": [83, 1516, 1144, 1569], "category": "Section-header", "text": "### Activities related to Output 2.2 – Conditions created for strategic dialogue, involving national key stakeholders and IFIs/DFIs, on sound financial governance and inclusive access to financial services"}, {"bbox": [121, 1580, 1144, 1661], "category": "List-item", "text": "- Capacity building and technical assistance to key public institutions, commercial banks and other financial service institutions, to increase inclusive access to financial services, achieve financial sector reforms, while ensuring adequacy with international standards."}, {"bbox": [1051, 1663, 1156, 1687], "category": "Page-footer", "text": "Page 7 of 21"}]