St. Lucia - How disaster resilient is St. Lucia’s public financial management?

The disaster risk reduction (DRR) - PFM (public financial management) review focuses on five key elements of the PFM system in St. Lucia: legal and institutional foundations; budget appropriation arrangements; financial management controls; procurement arrangements; and public investment and asset management. 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.