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
156231
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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
Jamaica - How Disaster Resilient is Jamaica’s Public Financial Management?
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Keywords
Public Financial Management; chart of account; response to disaster; budget appropriation; record keeping; provision of good; disaster management activity; allocation of resource; emergency procurement; procurement documents; institutional framework; disaster resilience; disaster situation; procurement arrangement; disaster relief; clear rules; competitive procurement; audit recommendation; procuring entity; audit plan; Disaster Risk; financing instrument; investment regulation; expenditure arrears; available resources; sustainable use; budget allocation; formal mechanisms; expenditure information; selection criterion; resource tracking; management control; social data; budget expenditure; emergency situation; public asset; expenditure classification; public finance
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Citation
Jamaica - How Disaster Resilient is Jamaica’s Public Financial Management (English). Canada Caribbean Resilience Facility (CRF) Fact Sheet Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/905331611902925358/Jamaica-How-Disaster-Resilient-is-Jamaica-s-Public-Financial-Management