Planning As a Requirement of Economic Assistance Sample Clauses

Planning As a Requirement of Economic Assistance. (a) No later than 90 days after the entry into force of Title Two of the Compact, as amended, and thereafter at intervals no greater than three years from that date, the Government of the Republic of the Xxxxxxxx Islands shall submit to the Government of the United States a “Medium-Term Budget and Investment Framework” pursuant to section 211(f) of Title Two of the Compact, as amended, (the “MTBIF”). The MTBIF shall be strategic in nature, identify the multi-year priorities, budget and implementation plan of the Government of the Republic of the Xxxxxxxx Islands to promote economic advancement and budgetary self- reliance, and contain the goals for the sectors described in section 211(a) of the Compact, as amended, for the assistance described in section 211(b) thereof, and for the Supplemental Education Grant. Each of the sectors or areas so named, or other sectors as agreed by the Committee, shall be accorded specific treatment in the framework. Such sector or other strategies and goals shall be continuously reviewed and updated though the annual budget process. Those portions of the MTBIF that contemplate use of United States Grant funds require the concurrence of the Committee.
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Planning As a Requirement of Economic Assistance. (a) No later than 90 days after the effective date of Title Two of the Compact, as amended, and thereafter at appropriate intervals, the Government of the Federated States of Micronesia shall prepare and submit to the Government of the United States a “Multi-Year Rolling Development Plan” pursuant to section 211(f) of Title Two of the Compact, as amended (the “Development Plan”). The Development Plan shall be strategic in nature and continuously reviewed and updated through the annual budget process. It shall identify the goals and broad strategies of the Government of the Federated States of Micronesia to promote economic advancement, budgetary self-reliance, and economic self-reliance, and contain specific multi-year objectives for the sectors described in section 211(a) of the Compact, as amended. Each of the sectors so named, or other sectors as agreed to by the Committee, shall be accorded specific treatment in the Development Plan. Those portions of the Development Plan that contemplate use of United States Grant funds require the concurrence of the Committee.
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Related to Planning As a Requirement of Economic Assistance

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