[{"bbox": [129, 162, 753, 195], "category": "Section-header", "text": "# 4 IMPLEMENTATION ARRANGEMENTS"}, {"bbox": [129, 227, 427, 259], "category": "Section-header", "text": "## 4.1 Financing Agreement"}, {"bbox": [140, 273, 1130, 302], "category": "Text", "text": "In order to implement this action, it is envisaged to conclude a financing agreement with the partner country"}, {"bbox": [129, 314, 555, 346], "category": "Section-header", "text": "## 4.2 Indicative Implementation Period"}, {"bbox": [140, 361, 1134, 442], "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 72 months from the date of entry into force of the financing agreement."}, {"bbox": [140, 442, 1134, 495], "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": [129, 534, 485, 565], "category": "Section-header", "text": "## 4.3 Implementation Modalities"}, {"bbox": [140, 592, 1111, 670], "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 measures¹⁵."}, {"bbox": [129, 698, 658, 727], "category": "Section-header", "text": "### 4.3.1 Indirect Management with a pillar assessed entity"}, {"bbox": [140, 752, 1134, 834], "category": "Text", "text": "This action may be implemented in indirect management with the Inter-American Development Bank (IDB)]. This implementation entails the design, execution, coordination, control, monitoring and communication of all activities foreseen to achieve the expected objectives and results of the action described in section 3."}, {"bbox": [140, 845, 1134, 953], "category": "Text", "text": "The envisaged entity has been selected using the following criteria: (i) Experience in Latin America and El Salvador in areas related to economic development and job creation (ii) Previous, ongoing or forecasted experience/support to digital transformation in El Salvador or the region (iii) Engagement in El Salvador and/or the region on the topic of digital connectivity and transformation."}, {"bbox": [140, 963, 1134, 1204], "category": "Text", "text": "In line with the above criteria, the Inter-American Development Bank (IDB) has been selected in first instance given its long trajectory in supporting Latin American countries in general, and El Salvador specifically, in areas related to economic development and job creation. In particular, the IDB has been actively engaged in the region in terms of digital transformation, and has already initiated support to implement El Salvador's social connectivity agenda, as outlined in the government's Agenda Digital, and also in line with the EUs MIP Priority Area 1 of Digital Transformation. In this regard IADB represents a crucial partner of the EU, where we can complement each other and achieve greater added value in partnership with the government. This programme will build on the results of the IADB Program Digital Social Connectivity, that has already a budget of USD 85 M from the IADB."}, {"bbox": [140, 1214, 1134, 1270], "category": "Text", "text": "The IDB has been pillar assessed by the EU and fulfils all criteria relating to operational capacity and transparency."}, {"bbox": [140, 1307, 1134, 1389], "category": "Text", "text": "In case the envisaged entity would need to be replaced, the Commission's services may select another replacement entity, on the basis of the aforementioned criteria. If the entity is replaced, the decision to replace it needs to be justified."}, {"bbox": [129, 1572, 1144, 1647], "category": "Footnote", "text": "¹⁵ 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, 1680, 1144, 1706], "category": "Page-footer", "text": "Page 18 of 22"}]