[{"bbox": [128, 157, 753, 190], "category": "Section-header", "text": "# 4 IMPLEMENTATION ARRANGEMENTS"}, {"bbox": [128, 223, 427, 252], "category": "Section-header", "text": "## 4.1 Financing Agreement"}, {"bbox": [128, 268, 1057, 295], "category": "Text", "text": "In order to implement this action, it is envisaged to conclude a financing agreement with the territory."}, {"bbox": [128, 310, 554, 340], "category": "Section-header", "text": "## 4.2 Indicative Implementation Period"}, {"bbox": [128, 356, 1144, 436], "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 36 months from the date of entry into force of the financing agreement."}, {"bbox": [128, 436, 1144, 490], "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, 529, 741, 560], "category": "Section-header", "text": "## 4.3 Implementation of the Budget Support Component"}, {"bbox": [128, 574, 716, 601], "category": "Section-header", "text": "### 4.3.1 Rationale for the Amounts Allocated to Budget Support"}, {"bbox": [128, 616, 1144, 666], "category": "Text", "text": "The amount allocated for the budget support component is EUR 70 000 000, and for complementary support is EUR 1 250 000."}, {"bbox": [128, 695, 1144, 875], "category": "Text", "text": "Since 2007, the EU has been supporting the education sector in Greenland, with an allocation of EUR 60 million in 2022-2023, EUR 217.8 million for 2014-2020 and around EUR 194 million for the period 2007-2013 mainly through budget support²⁵. No other ODA donors have supported the education sector, but large private foundations, mostly based in Denmark, have supported projects in the Greenlandic educational sectors over the years with significant amounts; notably the Velux Foundations, the A.P. Møller foundation, the Hempel Foundation and the Oak Foundation."}, {"bbox": [128, 896, 1144, 953], "category": "Text", "text": "The Government of Greenland has proven absorption capacity and the public financing system, as outlined above, is operating at a high standard."}, {"bbox": [128, 973, 1144, 1106], "category": "Text", "text": "Government capacity is a limiting factor in Greenland, including in the education sector (lack of local skilled staff, high turnover of Danish staff). This will be addressed both by that is putting the GoG in a position to mobilise external contributions (studies, expertise) themselves; as well as technical assistance. The sizeable technical assistance component of this action will contribute to formulating policy, assessing and monitoring needs and progress, as well as building capacity."}, {"bbox": [128, 1118, 1144, 1172], "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": [128, 1198, 497, 1222], "category": "Text", "text": "* Second semester of 2024: Fixed tranche"}, {"bbox": [128, 1224, 615, 1248], "category": "Text", "text": "* Second semester of 2025: Variable and fixed tranche"}, {"bbox": [128, 1251, 525, 1275], "category": "Text", "text": "* Second semester of 2026: Variable tranche"}, {"bbox": [128, 1291, 615, 1318], "category": "Section-header", "text": "### 4.3.2 Criteria for Disbursement of Budget Support"}, {"bbox": [128, 1334, 262, 1359], "category": "Section-header", "text": "#### a) Conditions."}, {"bbox": [128, 1360, 772, 1385], "category": "Text", "text": "The general conditions for disbursement of all tranches are as follows:"}, {"bbox": [202, 1387, 1144, 1439], "category": "List-item", "text": "- Satisfactory progress in the implementation of the education policy and continued credibility and relevance thereof or of the subsequent policy."}, {"bbox": [202, 1440, 1144, 1493], "category": "List-item", "text": "- Maintenance of a credible and relevant stability-oriented macroeconomic policy or progress made towards restoring key balances."}, {"bbox": [202, 1494, 1144, 1546], "category": "List-item", "text": "- Satisfactory progress in the implementation of reforms to improve public financial management, including domestic revenue mobilisation, and continued relevance and credibility of the reform"}, {"bbox": [128, 1595, 366, 1619], "category": "Footnote", "text": "²⁵ Action Document, 2018."}, {"bbox": [1027, 1682, 1144, 1706], "category": "Page-footer", "text": "Page 27 of 32"}]