[{"bbox": [129, 163, 752, 195], "category": "Section-header", "text": "# 4 IMPLEMENTATION ARRANGEMENTS"}, {"bbox": [129, 228, 425, 259], "category": "Section-header", "text": "## 4.1 Financing Agreement"}, {"bbox": [141, 274, 1059, 327], "category": "Text", "text": "In order to implement this action, it is envisaged to conclude a financing agreement with the Kyrgyz Republic."}, {"bbox": [129, 342, 553, 373], "category": "Section-header", "text": "## 4.2 Indicative Implementation Period"}, {"bbox": [141, 389, 1132, 468], "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": [141, 469, 1132, 521], "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": [129, 536, 740, 567], "category": "Section-header", "text": "## 4.3 Implementation of the Budget Support Component"}, {"bbox": [129, 579, 698, 606], "category": "Section-header", "text": "### 4.3.1. Rationale for the Amounts Allocated to Budget Support"}, {"bbox": [141, 618, 1132, 882], "category": "Text", "text": "The amount allocated for the budget support component is EUR 15 000 000 and for complementary support is EUR 2 000 000. This amount is based on extensive consultations with National Authorities and sector stakeholders. The level of support should allow providing sufficient resources to advance reform implementation and consolidated achievements. The EU budget support is playing a key role in the sector modernisation and investments as well as in increasing the effectiveness of Government expenditure. The present Action will offer a fiscal space for the implementation of the newly adopted Nationa Water Strategy 2022-2040. The disbursement is considerable if compared with the current resources of the authorities involved in water management. This amount will allow the EU to reaffirm its commitment to protection and efficient use of natural resources and to keep its status as one of the main donors of the Kyrgyz Republic for the Water Sector."}, {"bbox": [141, 910, 1132, 1017], "category": "Text", "text": "Leveraging the potential of budget support implies seizing any opportunity for dialogue with government counterparts, to promote reforms and pursue EU objectives. This is particularly relevant for budget support, which implies specific and tangible incentives for change, through the conditions and indicators governing payments."}, {"bbox": [129, 1056, 614, 1083], "category": "Section-header", "text": "### 4.3.2. Criteria for Disbursement of Budget Support"}, {"bbox": [141, 1100, 272, 1124], "category": "Section-header", "text": "#### a) Conditions."}, {"bbox": [141, 1126, 783, 1152], "category": "Text", "text": "The general conditions for disbursement of all tranches are as follows:"}, {"bbox": [214, 1153, 1132, 1206], "category": "List-item", "text": "- Satisfactory progress in the implementation of the National Water Strategy 2022-2040 and continued credibility and relevance thereof or of the subsequent policy."}, {"bbox": [214, 1207, 1132, 1259], "category": "List-item", "text": "- Maintenance of a credible and relevant stability-oriented macroeconomic policy or progress made towards restoring key balances."}, {"bbox": [214, 1260, 1132, 1339], "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 programme."}, {"bbox": [214, 1340, 1132, 1393], "category": "List-item", "text": "- Satisfactory progress with regard to the public availability of accessible, timely, comprehensive, and sound budgetary information."}, {"bbox": [141, 1419, 1126, 1472], "category": "Section-header", "text": "#### b) The performance indicators for disbursement to be used for variable tranches may focus on the following policy priorities:"}, {"bbox": [141, 1472, 705, 1498], "category": "List-item", "text": "1) protection of water resources from depletion and pollution;"}, {"bbox": [141, 1499, 483, 1524], "category": "List-item", "text": "2) sustainable use of water resources;"}, {"bbox": [141, 1525, 636, 1551], "category": "List-item", "text": "3) reforming the water resources management system."}, {"bbox": [141, 1577, 1132, 1631], "category": "Text", "text": "Greater efforts will be made to engage in the policy dialogue and reinforce the need to develop a more integrated, coherent and effective system. Given that the other Development Partners have less engagement"}, {"bbox": [1027, 1682, 1143, 1706], "category": "Page-footer", "text": "Page 29 of 34"}]