[{"bbox": [128, 151, 752, 185], "category": "Section-header", "text": "# 4 IMPLEMENTATION ARRANGEMENTS"}, {"bbox": [128, 218, 424, 249], "category": "Section-header", "text": "## 4.1 Financing Agreement"}, {"bbox": [139, 263, 1128, 291], "category": "Text", "text": "In order to implement this action, it is envisaged to conclude a financing agreement with the partner country"}, {"bbox": [128, 303, 553, 334], "category": "Section-header", "text": "## 4.2 Indicative Implementation Period"}, {"bbox": [139, 348, 1132, 430], "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 42 months from the date of entry into force of the financing agreement."}, {"bbox": [139, 455, 1132, 509], "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": [128, 547, 740, 578], "category": "Section-header", "text": "## 4.3 Implementation of the Budget Support Component"}, {"bbox": [216, 592, 804, 619], "category": "Section-header", "text": "### 4.3.1 Rationale for the Amounts Allocated to Budget Support"}, {"bbox": [139, 633, 1132, 686], "category": "Text", "text": "The amount allocated for the budget support component is EUR 9 000 000, and for complementary support is EUR 1 500 000. This amount is based on a broad qualitative assessment of the following elements:"}, {"bbox": [158, 699, 1132, 753], "category": "List-item", "text": "* Political and strategic priorities aiming at ensuring fulfilment of the National Determined Contributions committed by Colombia."}, {"bbox": [158, 765, 1132, 819], "category": "List-item", "text": "* High public policy's implementation -past and present- track record and political will to put the fight against deforestation at the forefront of the political agenda."}, {"bbox": [158, 830, 1132, 911], "category": "List-item", "text": "* Strong commitment from the Government to execute national budget resources (including EU budget support) in support of national public policies, development strategy and objectives, and to follow standard national budget procedures."}, {"bbox": [158, 923, 1132, 1055], "category": "List-item", "text": "* Taking into account the political aspect of the deforestation sector and the comprehensiveness and the number of institutions and stakedholders involved, a budget support programme, coupled with policy dialogue and complementary support, will ensure effectiveness, value for money, national and subnational coordination and appropriation and impact at national level as compared to a single project that would otherwise intervene in a less widespread and coordinated manner."}, {"bbox": [158, 1068, 1132, 1121], "category": "List-item", "text": "* The results-based orientation of the country's development strategy, including strong monitoring systems."}, {"bbox": [139, 1133, 1132, 1214], "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": [140, 1223, 1131, 1544], "category": "Table", "text": "<table><thead><tr><th rowspan=\"2\">Tranche/year</th><th>Year N</th><th rowspan=\"2\">2024</th><th rowspan=\"2\">2025</th><th rowspan=\"2\">Total (M EUR)</th></tr><tr><th>2023</th></tr></thead><tbody><tr><td></td><td>Q2</td><td>Q4</td><td>Q4</td><td></td></tr><tr><td>Fixed Tranche</td><td>0.8</td><td>0.2</td><td>0.2</td><td>1.2</td></tr><tr><td>Variable Tranche</td><td>0</td><td>3.8</td><td>4.0</td><td>7.8</td></tr><tr><td>Total (M EUR)</td><td>0.8</td><td>4.0</td><td>4.2</td><td>9.0</td></tr></tbody></table>"}, {"bbox": [1026, 1680, 1141, 1704], "category": "Page-footer", "text": "Page 21 of 28"}]