[{"bbox": [84, 118, 1143, 351], "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 following year (in accordance with the original weighting of the indicators). It could also be decided to reassess an indicator the following year against the original target, if there was a positive trend and the authorities did not reach the target because of factors beyond their control. The use of this provision shall be requested by the partner country and approved in writing by the Commission."}, {"bbox": [84, 379, 314, 407], "category": "Section-header", "text": "### d) Fundamental values"}, {"bbox": [84, 437, 1143, 496], "category": "Text", "text": "In case of a significant deterioration of fundamental values, budget support disbursements may be suspended, reduced or cancelled, in accordance with the relevant provisions of the Financing Agreement."}, {"bbox": [84, 524, 376, 552], "category": "Section-header", "text": "### 4.3.3 Budget Support Details"}, {"bbox": [84, 582, 1143, 670], "category": "Text", "text": "Budget support is provided as direct untargeted budget support to the national Treasury. The crediting of the euro transfers disbursed into Guyanese dollar will be undertaken at the appropriate exchange rates in line with the relevant provisions of the Financing Agreement."}, {"bbox": [84, 699, 335, 727], "category": "Section-header", "text": "## 4.4 Indicative Budget"}, {"bbox": [84, 740, 1156, 1016], "category": "Table", "text": "<table><thead><tr><td>Indicative Budget components</td><td>EU contribution (amount in EUR)</td><td>Indicative third party contribution, in currency identified</td></tr></thead><tbody><tr><td>Budget support Sector Reform Contract (Direct Management)- cf. section 4.3</td><td>4,620,000</td><td>N/A</td></tr><tr><td>Evaluation - cf. section 5.2<br>Audit - cf. section 5.3</td><td>Will be covered by another Decision</td><td>N/A</td></tr><tr><td>Total</td><td>4,620,000</td><td>N/A</td></tr></tbody></table>"}, {"bbox": [84, 1030, 597, 1059], "category": "Section-header", "text": "## 4.5 Organisational Set-up and Responsibilities"}, {"bbox": [84, 1089, 1143, 1234], "category": "Text", "text": "In order to take advantage of the experience acquired during the implementation of the previous budget support the Ministry of Finance will continue as the key focal point for the management of this Guyana Mangroves budget support. The lead beneficiary agency will be NAREI within the Ministry of Agriculture who will report on implementation. All official communications regarding the Financing Agreement shall be between the Ministry of Finance and the EU Delegation."}, {"bbox": [84, 1263, 1143, 1380], "category": "Text", "text": "A Mangroves Steering Committee will be established with representatives from all relevant stakeholders, such as the Works Service Group within the Ministry of Public Infrastructure, NAREI, Guyana Forestry Commission and the Ministry of Finance¹¹. This Committee will review progress on the implementation of sector policy, as well as the specific indicators."}, {"bbox": [84, 1408, 1143, 1525], "category": "Text", "text": "The Ministry of Finance will have overall responsibility for providing the required information and reporting on compliance with the general and specific conditions for tranche payments. NAREI and the Works Services Group, will be the lead agency for reporting on all indicators and will support the Ministry of Finance by preparing reports relating to sector policy and performance against all specific indicators."}, {"bbox": [84, 1620, 1005, 1646], "category": "Footnote", "text": "¹¹ The composition of this steering committee could be modified during the implementation of the programme."}, {"bbox": [1026, 1680, 1143, 1704], "category": "Page-footer", "text": "Page 24 of 27"}]