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
156233
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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. Vincent and the Grenadines - How Disaster Resilient is St. Vincent and the Grenadines’ Public Financial Management?
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Keywords
response to disaster; climate change and disaster risk; allocation of resource; budget appropriation; law and regulation; chart of account; record keeping; disaster risk financing; climate adaptation options; disaster recovery plan; risk of fraud; Public Financial Management; provision of good; disaster resilience; emergency procurement; institutional framework; legal framework; selection criterion; competitive procurement; formal mechanisms; fiscal response; public asset; natural disaster; centralized authority; procuring entity; response activity; business management; response plan; procedure manual; fiscal transparency; available resources; sustainable use; expenditure information; resource tracking; investment regulation; budget expenditure; procurement arrangement; management control
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Citation
St. Vincent and the Grenadines - How Disaster Resilient is St. Vincent and the Grenadines’ Public Financial Management (English). Canada Caribbean Resilience Facility (CRF) Fact Sheet Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/904661611921454123/St-Vincent-and-the-Grenadines-How-Disaster-Resilient-is-St-Vincent-and-the-Grenadines-Public-Financial-Management