Conceptualizing Disaster Risk–Based Budgeting and Exploring Practical Applications

The report explores how countries can embed disaster risk in their budgets, an especially important task as climate change gives rise to greater disaster impacts and as economies and populations grow. This topic is a response to the growing recognition that effective disaster risk finance (DRF) solutions must be formulated and managed as part of government day-to-day activities rather than occasional investments. This report combines experience from the Finance, Competitiveness, and Innovation Global Practice and the Governance Global Practice at the World Bank to look at the interaction between public financial management (PFM) and DRF. The report is structured as follows: the remainder of section 1 provides the definition of DRBB and discusses some of the binding constraints that it seeks to address; section 2 discusses several different DRBB entry points around the budget cycle and provides illustrative country case studies; section 3 offers guidance for governing DRBB; and section 4 provides recommendations and plans for further, more in-depth, study.

 Author: Skalon,Tatiana, Sutherland,Richard Anthony, Allan,Stephanie Joanne,Bayley, Eleanor Anna Katharine

The report is published on World Bank Website: Link here