[{"bbox": [84, 145, 1142, 527], "category": "Table", "text": "<table><thead><tr><td>Category</td><td>Risks</td><td>Likelihood (High/ Medium/ Low)</td><td>Impact (High/ Medium/ Low)</td><td>Mitigating measures</td></tr></thead><tbody><tr><td></td><td></td><td></td><td></td><td>social protection system, an important element of the action would increase capacity to mitigate effects of a negative economic scenario</td></tr><tr><td>Institutional</td><td>Weakness in some parts of public administration could hamper implementation of agreed reforms</td><td>Medium</td><td>Medium</td><td>Extensive phase for designing the Action, increasing reform ownership by authorities; close and regular policy dialogue as well as technical and financial support</td></tr></tbody></table>"}, {"bbox": [96, 528, 256, 551], "category": "Section-header", "text": "**Lessons Learnt:**"}, {"bbox": [96, 555, 1130, 612], "category": "Text", "text": "Lessons learnt from previous budget support interventions contributed to the design of this action and its complementarity to projects supporting the democratic transition included in the AAP 2022."}, {"bbox": [96, 641, 1130, 697], "category": "Text", "text": "The previous budget support in The Gambia showed how important it was to agree on indicators which fall under the sole responsibility of the executive (with whom the Financing Agreement is signed). This is the case in SRBC4."}, {"bbox": [96, 727, 1130, 1126], "category": "Text", "text": "Another important lesson was that in the past ownership of and knowledge about budget support design and specific indicators among Gambian institutions was insufficient to build necessary reform momentum. The frequent turnover among Gambian officials did not help in this respect. Learning from this experience, this action involves even more extensive consultations on the design of variable tranche indicators. During the implementation, the EU Delegation will hold quarterly policy dialogues with key stakeholders in order to discuss policy reforms as well as progress of indicators, identify challenges and mitigate risks when necessary. The Gambian authorities and the EU Delegation will at an early stage establish a Policy Dialogue matrix for structured High-, Strategic- and Operational level Policy Dialogue A recently established Reform Monitoring Group by the Ministry of Finance is also likely to be among formats that will be used for this purpose. The establishment of this Committee is geared towards improving effective implementation of reforms under programmes with donors and ensuring efficient disbursement and monitoring of performance with an added value of ensuring better co-ordination with other donors. The establishment of this group reflects lessons described in the Delegation's final report on State and Resilience Building Contract no. 3 from March 2022. Frequency and quality of policy dialogue is expected to be increased."}, {"bbox": [1026, 1680, 1142, 1704], "category": "Page-footer", "text": "Page 17 of 28"}]