Resilient public financial management: emerging practice and implications for the health sector
In November 2022, the ReBUILD for Resilience consortium hosted a webinar on the topic of “disaster resilient Public Financial Management (PFM)”, explaining what it looks like in practice, and investigating its implications for the public health sector. PFM refers to the laws, institutions, systems, and processes by which public resources are planned and managed. It includes the management of revenues and expenditures, encompassing the mobilisation, allocation, execution and monitoring of public funds. This policy brief sets out some of the salient points from the session.
The webinar brought together practitioners from the health financing, PFM and disaster risk finance fields to share experiences around how PFM systems can be tools for promoting resilience. They drew on research and programme implementation experience at the regional, national and local levels. Speakers included staff from Oxford Policy Management (OPM) and the Collaborative African Budget Reform Initiative (CABRI), with discussants from the World Bank and World Health Organization. Professor Sophie Witter, Re-BUILD co-Director of Research, chaired the session.
Stephanie Allan of OPM said;
“With many developing economies reeling from the dual shock of the pandemic and impending debt crises, resilience is top of the agenda in public financial management right now. This seminar brought together experience from the national, subnational, and global level to discuss implications for the health sector, including in fragile and shock-prone settings.”