Disaster Resilient and Responsive Public Financial Management : 360° Resilience Background Paper
Public financial management (PFM) is one of the key government instruments of supporting effective preparation, response, and resilience to disasters. Yet many PFM institutions, systems, and processes lack disaster resilience and responsiveness. In times of growing awareness of the impacts of clim...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/379781635297120124/360-Resilience-A-Guide-to-Prepare-the-Caribbean-for-a-New-Generation-of-Shocks-Disaster-Resilient-and-Responsive-Public-Financial-Management http://hdl.handle.net/10986/36420 |
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okr-10986-364202021-10-30T09:23:34Z Disaster Resilient and Responsive Public Financial Management : 360° Resilience Background Paper April, Leah Zrinski, Urska CLIMATE CHANGE IMPACT NATURAL DISASTER HAZARD RISK PUBLIC FINANCIAL MANAGEMENT DISASTER RESILIENCE Public financial management (PFM) is one of the key government instruments of supporting effective preparation, response, and resilience to disasters. Yet many PFM institutions, systems, and processes lack disaster resilience and responsiveness. In times of growing awareness of the impacts of climate change on good governance as well as the impacts of the recent COVID-19 pandemic on the way public finances are planned, executed, and accounted for, governments need to be able to optimize the allocation and execution of public resources. Disaster resilient and responsive public financial management (DRR-PFM) promotes (i) proactive and planned disaster risk reduction and climate change adaptation; and (ii) timely and fiscally prudent response and recovery from natural disasters and other shocks and stresses. Fiscal response to disasters in the Caribbean is neither strategic nor efficient in most instances, and emergency finance procedures are often undocumented, ad hoc, coincidental and sometimes inefficient. Surprisingly, given the frequency of natural disasters in the Caribbean, national authorities provide little guidance on how to expedite public financial, public procurement, and public investment management to swiftly respond to or rebuild after disasters. Public assets are not systematically tracked and are financially under-protected, making it difficult to quickly carry out accurate post-disaster needs assessments or to replace destroyed assets. 2021-10-27T20:40:44Z 2021-10-27T20:40:44Z 2021-10-01 Working Paper http://documents.worldbank.org/curated/undefined/379781635297120124/360-Resilience-A-Guide-to-Prepare-the-Caribbean-for-a-New-Generation-of-Shocks-Disaster-Resilient-and-Responsive-Public-Financial-Management http://hdl.handle.net/10986/36420 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Latin America & Caribbean Caribbean |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
CLIMATE CHANGE IMPACT NATURAL DISASTER HAZARD RISK PUBLIC FINANCIAL MANAGEMENT DISASTER RESILIENCE |
| spellingShingle |
CLIMATE CHANGE IMPACT NATURAL DISASTER HAZARD RISK PUBLIC FINANCIAL MANAGEMENT DISASTER RESILIENCE April, Leah Zrinski, Urska Disaster Resilient and Responsive Public Financial Management : 360° Resilience Background Paper |
| geographic_facet |
Latin America & Caribbean Caribbean |
| description |
Public financial management (PFM) is one of the key government instruments of supporting effective
preparation, response, and resilience to disasters. Yet many PFM institutions, systems, and processes
lack disaster resilience and responsiveness. In times of growing awareness of the impacts of climate
change on good governance as well as the impacts of the recent COVID-19 pandemic on the way public
finances are planned, executed, and accounted for, governments need to be able to optimize the
allocation and execution of public resources. Disaster resilient and responsive public financial
management (DRR-PFM) promotes (i) proactive and planned disaster risk reduction and climate change
adaptation; and (ii) timely and fiscally prudent response and recovery from natural disasters and other
shocks and stresses. Fiscal response to disasters in the Caribbean is neither strategic nor efficient in most instances, and
emergency finance procedures are often undocumented, ad hoc, coincidental and sometimes
inefficient. Surprisingly, given the frequency of natural disasters in the Caribbean, national authorities
provide little guidance on how to expedite public financial, public procurement, and public investment
management to swiftly respond to or rebuild after disasters. Public assets are not systematically tracked
and are financially under-protected, making it difficult to quickly carry out accurate post-disaster needs
assessments or to replace destroyed assets. |
| format |
Working Paper |
| author |
April, Leah Zrinski, Urska |
| author_facet |
April, Leah Zrinski, Urska |
| author_sort |
April, Leah |
| title |
Disaster Resilient and Responsive Public Financial Management : 360° Resilience Background Paper |
| title_short |
Disaster Resilient and Responsive Public Financial Management : 360° Resilience Background Paper |
| title_full |
Disaster Resilient and Responsive Public Financial Management : 360° Resilience Background Paper |
| title_fullStr |
Disaster Resilient and Responsive Public Financial Management : 360° Resilience Background Paper |
| title_full_unstemmed |
Disaster Resilient and Responsive Public Financial Management : 360° Resilience Background Paper |
| title_sort |
disaster resilient and responsive public financial management : 360° resilience background paper |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/undefined/379781635297120124/360-Resilience-A-Guide-to-Prepare-the-Caribbean-for-a-New-Generation-of-Shocks-Disaster-Resilient-and-Responsive-Public-Financial-Management http://hdl.handle.net/10986/36420 |
| _version_ |
1764485211447361536 |