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
156227
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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
Belize - How Disaster Resilient is Belize’s Public Financial Management?
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Keywords
Public Financial Management; budget appropriation; promoting gender equality; record keeping; institutional framework; disaster resilience; emergency procurement; management control; procurement arrangement; financial relief; response operation; disaster relief; fund allocations; data storage; internal control; Public Spending; special fund; response activity; formal mechanisms; available resources; sustainable use; selection criterion; standard procurement; procurement documents; registration status; timely access; funding source; expenditure information; contingency fund; resource tracking; investment regulation; socioeconomic data; budget expenditure; Disaster Management; public asset; gender policy
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Citation
Belize - How Disaster Resilient is Belize’s Public Financial Management (English). Canada Caribbean Resilience Facility (CRF) Fact Sheet Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/686241611899971741/Belize-How-Disaster-Resilient-is-Belize-s-Public-Financial-Management