The Agreement sets out a schedule of eight quarterly reviews with explicit quantitative performance tests and two sets of structural benchmarks. The nine performance tests are based on seven quantitative fiscal criteria and two monetary criteria which set ceilings or floors for the relevant indicators at the end of each quarter. For example, at the end of each quarter, there is a floor (minimum) set for the primary balance of the central government, and ceilings (maximums) set for central government’s direct debt and accumulated arrears. Similarly, there is a minimum set for the net international reserves and a maximum set for the net domestic assets as the two monetary quantitative criteria. In addition to the “prior actions” and the quantitative performance tests, there are six “structural benchmarks” consisting of three institutional fiscal reforms and three financial sector reforms as set out in Table 1.