Establishing a Tracking System to Monitor Reconstruction Expenditures
In the aftermath of major humanitarian crises, whether caused by natural disasters or conflicts, the international community is increasingly pledging larger amounts of aid to help rebuild devastated regions. At the same time, recipient agencies are...
| Main Authors: | , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2010/12/13337569/establishing-tracking-system-monitor-reconstruction-expenditures http://hdl.handle.net/10986/10128 |
| Summary: | In the aftermath of major humanitarian
crises, whether caused by natural disasters or conflicts,
the international community is increasingly pledging larger
amounts of aid to help rebuild devastated regions. At the
same time, recipient agencies are called upon to increase
the level of accountability and transparency to ensure that
the resources they manage are well spent. Large amounts of
funding to handle, the need for greater accountability and
the increased pressure to improve aid effectiveness
intensifies the necessity for reliable information. A
tracking system to monitor reconstruction expenditures
should monitor all stages of post-crisis reconstruction
financial flows, from the initial stage when donors pledge
money to actual budget appropriations, and finally to the
tracking of disbursements on actual projects. The advantages
of such a tracking system are multiple. It enables actors to
allocate appropriate funds where it is most needed and to
avoid duplications, in terms of both, sector needs and
geographic location. Such a system also allows agencies to
detect problems early on and to take corrective action as
needed, i.e., when there are low levels of spending on
projects, or high volatility in the delivery of funds from donors. |
|---|