LEADER 02595cam a22003615i 4500001 99131234597206421 005 20211122202010.0 006 m d 007 cr cn||||||||| 008 020129s2021 dcu o i00 0 eng^^ 024 7 10.1596/36420 |2doi 035 (CKB)4920000001210568 035 (The World Bank)36420 035 (US-djbf)36420 035 (EXLCZ)994920000001210568 040 DJBF |beng |cDJBF |erda 100 1 April, Leah. 245 10 Disaster Resilient and Responsive Public Financial Management : |b360 Degree Resilience Background Paper / |cLeah April. 246 Disaster Resilient and Responsive Public Financial Management 264 1 Washington, D.C. : |bThe World Bank, |c2021. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Other papers. 520 3 Public financial management (PFM) is one of the key government instruments of supporting effective preparation, response, and resilience to disasters. Yet many PFM institutions, systems, and processes lack disaster resilience and responsiveness. In times of growing awareness of the impacts of climate change on good governance as well as the impacts of the recent COVID-19 pandemic on the way public finances are planned, executed, and accounted for, governments need to be able to optimize the allocation and execution of public resources. Disaster resilient and responsive public financial management (DRR-PFM) promotes (i) proactive and planned disaster risk reduction and climate change adaptation; and (ii) timely and fiscally prudent response and recovery from natural disasters and other shocks and stresses. Fiscal response to disasters in the Caribbean is neither strategic nor efficient in most instances, and emergency finance procedures are often undocumented, ad hoc, coincidental and sometimes inefficient. Surprisingly, given the frequency of natural disasters in the Caribbean, national authorities provide little guidance on how to expedite public financial, public procurement, and public investment management to swiftly respond to or rebuild after disasters. Public assets are not systematically tracked and are financially under-protected, making it difficult to quickly carry out accurate post-disaster needs assessments or to replace destroyed assets. 650 4 Climate Change Impacts 650 4 Environment 650 4 Hazard Risk Management 650 4 Natural Disasters 650 4 Public Sector Development 650 4 Urban Development 700 1 Zrinski, Urska. 830 0 Other papers. 830 0 World Bank e-Library. 906 BOOK