Managing Post-Disaster Reconstruction Finance : International Experience in Public Financial Management
In recent years, natural and man-made disasters have confronted the international community with its most demanding reconstruction challenges since the aftermath of World War II. Managing the inflow of resources and spending those resources well h...
| Main Authors: | , , |
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/01/8999838/managing-post-disaster-reconstruction-finance-international-experience-public-financial-management http://hdl.handle.net/10986/6417 |
| Summary: | In recent years, natural and man-made
disasters have confronted the international community with
its most demanding reconstruction challenges since the
aftermath of World War II. Managing the inflow of resources
and spending those resources well have proven to be two of
the main difficulties in such reconstruction projects,
particularly after large-scale disasters. A central dilemma
of the public financial management of reconstruction is the
need for very high levels of accountability to demonstrate
fiduciary credibility, while at the same time ensuring the
rapid implementation of recovery programs. This paper
identifies options and lessons for managing post-disaster
reconstruction finance in three key areas: (i) the
establishment of special institutions to manage the
reconstruction process; (ii) the selection of public
financial management systems with respect to the application
of country systems, special fiduciary arrangements, or
donor/NGO execution; and (iii) monitoring and evaluation
systems. The authors synthesize the phasing of assistance
and approaches in eight recent post-natural disaster
reconstruction efforts (Aceh-Indonesia,
Yogyakarta-Indonesia, Sri Lanka, Maldives, Pakistan,
Colombia, Grenada, and Honduras) to help guide the
priorities and options for future instances of public
financial management for disaster reconstruction. The paper
also compares the challenges posed by post-conflict versus
post-natural disaster public financial management. |
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