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
156228
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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
Dominica - How Disaster Resilient is Dominica’s Public Financial Management?
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Keywords
Public Financial Management; budget appropriation; flow of fund; record keeping; disaster risk financing; conflicts of interest; emergency procurement; disaster resilience; institutional framework; sex-disaggregated data; investment rule; disaster financing; emergency preparedness; disaster plan; budget execution; public fund; response Resource; adequate infrastructure; Impact assessments; budget policy; legal framework; natural disaster; Public Spending; management control; available resources; sustainable use; formal mechanisms; selection criterion; lack transparency; data storage; expenditure information; vital records; resource tracking; investment regulation; budget expenditure; disaster funds; public asset; audit recommendation; audit plan; gender sensitivity; procurement arrangement
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Citation
Dominica - How Disaster Resilient is Dominica’s Public Financial Management (English). Canada Caribbean Resilience Facility (CRF) Fact Sheet Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/783021611900366319/Dominica-How-Disaster-Resilient-is-Dominica-s-Public-Financial-Management