[{"bbox": [81, 146, 1167, 1120], "category": "Table", "text": "<table><tr><td></td><td>income and an increase of fiscal deficit.</td><td></td><td></td><td></td></tr><tr><td>External environment</td><td>Economic risks: development support is subject to the general economic situation (price fluctuations, consumption levels) and macroeconomic variables (monetary and fiscal policies). Energy and transportation are two areas that restrict productive development in the DR and require reforms.</td><td>M</td><td>H</td><td>Set up of adequate measures to absorb and mitigate economic and social shocks.<br/>The EU contributes to mitigate these risks by providing technical assistance, especially to strengthen fiscal discipline of the public budget.</td></tr><tr><td>External environment</td><td>Natural hazard-related risks: a major disaster triggered by a natural hazard (the country is prone to hurricanes and earthquakes) could set back productive development, and change policy priorities and budget allocations. In the short and medium term, climate change can undermine progress towards sustainable socio-economic development.</td><td>M</td><td>H</td><td>Policy dialogue through the BS operation to support DR actors' willingness to adopt a sustainable socio-economic development (in order to make DR's society more resilient to adverse impacts caused by climate change in the future).<br/>EU support to disaster risk management at regional level in the Caribbean.<br/>EU intervention will allow for some flexibility in implementation in cases of \"force majeure\".</td></tr></table>"}, {"bbox": [92, 1122, 252, 1145], "category": "Section-header", "text": "Lessons Learnt:"}, {"bbox": [92, 1164, 1161, 1279], "category": "Text", "text": "The BS modality, largely used in our cooperation with the DR, has proved effective, enhancing policy dialogues, sometimes long standing ones, with key ministries, promoting reforms and laws, and strengthening coordination mechanisms as well as dialogue with different stakeholders (institutional, private sector, civil society). BS operations in the DR have had a significant institutional, socioeconomic and environmental impacts."}, {"bbox": [92, 1297, 1161, 1353], "category": "Text", "text": "The country's Risk Management Framework (RMF) profile in 2020 for budget support in the DR shows a slightly higher moderate risk (2.21) compared to 2019 (2.12)."}, {"bbox": [1026, 1680, 1141, 1704], "category": "Page-footer", "text": "Page 18 of 31"}]