Effective institutions and systems of public financial management (PFM) play a critical role in the preparation and response to disasters. Strong PFM ties together often scarce available resources with their appropriate and sustainable use to ensure that governments can function reasonably well even in times of disasters. It is an analytical instrument that seeks to help countries build resilient, responsive PFM systems by pinpointing critical PFM policies, practices, and procedures that can be strengthened to improve a government’s capability to respond more efficiently and effectively to disasters, without loss of the integrity and accountability. The disaster risk reduction (DRR) - PFM review focuses on five key elements of the PFM system: legal and institutional foundations; budget appropriation arrangements; financial management controls; procurement arrangements; and public investment and asset management.
Details
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Document Date
2021/01/29
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Document Type
Brief
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Report Number
156230
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2021/01/29
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Disclosure Status
Disclosed
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Doc Name
Guyana - How Disaster Resilient is Guyana’s Public Financial Management?
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Keywords
Public Financial Management; disaster risk financing; budget appropriation; compliance with requirements; record keeping; disaster management activity; chart of account; allocation of resource; disbursement of fund; risk of fraud; disaster recovery; Electronic Payment; institutional framework; legal framework; disaster resilience; procurement law; ict data; public fund; sustainable use; disaster preparedness; disaster emergency; budget rule; available resources; response activity; procurement practice; budgetary resource; social data; limited capacity; budget expenditure; public asset; resource tracking; budget allocation; expenditure information; investment regulation; expenditure classification; response plan; management control; procurement arrangement; disaster relief; audit plan
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Citation
Guyana - How Disaster Resilient is Guyana’s Public Financial Management (English). Canada Caribbean Resilience Facility (CRF) Fact Sheet Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/306261611901733414/Guyana-How-Disaster-Resilient-is-Guyana-s-Public-Financial-Management