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
156232
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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
St. Lucia - How Disaster Resilient is St. Lucia’s Public Financial Management?
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Keywords
Public Financial Management; budget appropriation; allocation of resource; institutional framework; conflicts of interest; accounting and reporting; disaster recovery plan; record keeping; data center; internal control; disaster resilience; formal mechanisms; Disaster Risk; Public Spending; budget flexibility; procurement rule; selection criterion; Procurement Policy; data recovery; public finance; government response; natural disaster; emergency situation; audit scrutiny; contract registration; corrective action; contract oversight; investment regulation; management control; procurement arrangement; public asset; budget expenditure; resource tracking; expenditure information; sustainable use; available resources
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Citation
St. Lucia - How Disaster Resilient is St. Lucia’s Public Financial Management (English). Canada Caribbean Resilience Facility (CRF) Fact Sheet Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/507021611921021453/St-Lucia-How-Disaster-Resilient-is-St-Lucia-s-Public-Financial-Management