[{"bbox": [68, 145, 1160, 875], "category": "Table", "text": "<table><tr><td rowspan=\"4\">Internal processes</td><td>Risk 3 Lack of interest on part of the institutions in fulfilling Action objectives.</td><td>M</td><td>M</td><td>Designation of focal points within the ministries in charge of PFM and fight against corruption in the context of the formulation and implementation of this Action.</td></tr><tr><td>Risk 4 Sustainability and reach of capacity building efforts that require the involvement of ministries.</td><td>M</td><td>M</td><td>The risk is mitigated by coordinating activities of external key stakeholders.</td></tr><tr><td>Risk 5 Absorptive capacity (knowledge transfer) is inadequate and unsustainable.</td><td>M</td><td>M</td><td>Tailored activities aligned with national priorities. Coordination of assistance with other donor partners.</td></tr><tr><td>Risk 6 Lack of capacity and/or institutional resistance to support a PFM reform that include a gender Budgeting component</td><td>M</td><td>M</td><td>A GRPFM Assessment will be conducted, and specific trainings and capacity building activities delivered. Women's rights organisations will be actively engaged.</td></tr><tr><td rowspan=\"2\">People and organisations</td><td>Risk 7 Weak dialogue between CSOs and focal points within ministries.</td><td>M</td><td>M</td><td>Implement public awareness campaigns on PFM reform and anti-corruption strategies.</td></tr><tr><td>Risk 8 Weak PFM transparency and accountability knowledge permeability in the society</td><td>M</td><td>M</td><td>Design capacity building activities together with CSOs directed to society</td></tr></table>"}, {"bbox": [81, 887, 240, 911], "category": "Section-header", "text": "## Lessons Learnt:"}, {"bbox": [81, 925, 719, 953], "category": "Text", "text": "The analysis of the PFM sector, leads to the following considerations:"}, {"bbox": [119, 964, 1150, 1125], "category": "List-item", "text": "* The poorly diversified economy makes the country highly vulnerable to global shocks and adverse climatic conditions. According to the World Bank, poor cashew exports and high inflation slowed growth to 3.5 percent in 2022, causing the pace of poverty to increase. Salary overspending, energy costs and lower tax revenues limited fiscal consolidation as debt levels increased. Medium-term growth may improve as PFM reforms and infrastructure investments come online, but the outlook is subject to downside risks from continued inflationary pressures, shocks to the cashew sector, political instability, fiscal risks, and climatic shocks."}, {"bbox": [119, 1136, 1150, 1217], "category": "List-item", "text": "* Flexibility and adaptation to the beneficiaries' changing needs is key to foster political buy-in and ownership of the Action. This has proven to be crucial to ensure sustainability in interventions linked to economic governance."}, {"bbox": [119, 1228, 1150, 1309], "category": "List-item", "text": "* A participative process in the formulation of activities, results, indicators, and baselines, through Annual Work Plans contributes to tailored responses to the beneficiaries' needs and priorities, rooted on South-South and Triangular cooperation and peer-to-peer learning practices, including Conference of the Parties (UN CoP)."}, {"bbox": [119, 1320, 1150, 1372], "category": "List-item", "text": "* The quality and efficiency of the EU policy dialogue can be increased, by receiving critical, timely insider information, networks, and connection to PFM institutions."}, {"bbox": [119, 1385, 1150, 1439], "category": "List-item", "text": "* Importance in continuing to work on enhancing peer-to-peer collaboration and network as it has proven to be successful in fostering difficult but critical transformation in institutions."}, {"bbox": [119, 1451, 1150, 1505], "category": "List-item", "text": "* Fostering closer coordination with national and regional EU-funded projects through formal and informal dialogue and exploring potential synergies is needed."}, {"bbox": [85, 1545, 347, 1575], "category": "Section-header", "text": "## 3.5 Intervention Logic"}, {"bbox": [81, 1601, 594, 1628], "category": "Text", "text": "The underlying intervention logic for this Action is that:"}, {"bbox": [1120, 1678, 1142, 1701], "category": "Page-footer", "text": "16"}]