(2019-10) Circular on MEF's Commitment to Develop a Disaster Risk Financial Management Strategy

Ministry of Economy and Finance (MEF) • 2019

Summary — A 28 October 2019 circular from Haiti's Ministry of Economy and Finance (MEF) commits the ministry to developing, with World Bank technical assistance, a financial strategy for managing disaster risk. The initiative builds on the MEF's 2017-2022 strategic vision and existing risk-financing efforts such as Haiti's participation in the Caribbean Catastrophe Risk Insurance Facility (CCRIF).

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Key Findings

MEF Minister Joseph Jouthe signed the circular on 28 October 2019 under reference DEE/BM/012-oct.19.
The Ministry commits to elaborating a disaster risk financial management strategy with World Bank technical assistance.
The strategy builds on the MEF's 2017-2022 strategic vision and complements existing measures such as CCRIF catastrophe insurance.
An ad-hoc committee will include representatives from the Direction Générale du Trésor et de la Comptabilité Publique, Direction Générale du Budget, Direction des Études Économiques, Ministère de la Planification et de la Coopération Externe, and Ministère de l'Intérieur et des Collectivités Territoriales.
Technical secretariat of the committee will be held by the Direction Générale du Trésor et de la Comptabilité Publique.

Full Description

Signed by Minister Joseph Jouthe under reference DEE/BM/012-oct.19 on 28 October 2019, the circular commits the MEF to elaborate, with World Bank technical assistance, a financial strategy for managing disaster risk. It situates the effort within the ministry's 2017-2022 strategic vision and as a complement to steps the Government has already taken on financial risk management, including the acquisition of catastrophe insurance through the Caribbean Catastrophe Risk Insurance Facility (CCRIF). To carry out the work, the MEF will set up an ad-hoc committee drawing on representatives from the Direction Générale du Trésor et de la Comptabilité Publique, the Direction Générale du Budget, the Direction des Études Économiques, the Ministère de la Planification et de la Coopération Externe, and the Ministère de l'Intérieur et des Collectivités Territoriales. The Direction Générale du Trésor et de la Comptabilité Publique will provide the committee's technical secretariat.

Topics

Geography

Time Coverage

2017 — 2022

Keywords

disaster risk financing, MEF, World Bank, CCRIF, catastrophe insurance, fiscal risk, treasury, budget, Haiti, series:mef-circulaires

Entities

Joseph Jouthe, Ministère de l'Économie et des Finances (MEF), Banque Mondiale, Direction Générale du Trésor et de la Comptabilité Publique, Direction Générale du Budget, Direction des Études Économiques, Ministère de la Planification et de la Coopération Externe, Ministère de l'Intérieur et des Collectivités Territoriales, CCRIF