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Coherence for Fiscal Resilience

08/06/18

Coherence for Fiscal Resilience

June 7th & 8th, Mexico - During the Evaluation Week in Latin-America and the Caribbean 2018, the Ministry of Finance of Mexico (SHCP) organized a seminar to specifically address the issues of evaluation processes in the investment cycle. GIDRM has a close cooperation with the Investment Unit of the Ministry of Finance so it was asked to share its expertise on the impacts of disaster risks on socio-economic profitability of investment projects and the importance of including disaster risk management into de planning of public investment infrastructure.

A discussion table was organized with key actors of the Ministry of Finance, Ministry of Communications and Transportation (SCT) and the National Center for Disaster Prevention (CENAPRED) in order to debate on how to incorporate risk analysis into the road infrastructure.

The region of LAC suffers drastic damages from disasters on its infrastructure, which highly impacts fiscal resilience. Therefore, focusing on resilient infrastructure is needed, so practical coherence for planning, implementing and reporting on DRM is highly important.

Practical Coherence between international agendas is important to be able to incorporate DRM and CAA into public investment. GIDRM works closely with the Investment Unit to develop methodologies to incorporate DRM and CCA into public investment planning and consequently contribute to sustainable development and the achievement of the Sustainable Development Goals.