The Ministry of Finance, through the Directorate General of Economic and Fiscal Strategy (DJSEF), held a socialization session on the Disaster Risk Financing and Insurance Strategy (PARB) and the Disaster Pooling Fund (PFB) in six cities: Pekanbaru, Mataram, Kupang, Samarinda, Pangkal Pinang, and Tanjung Pinang. This activity aimed to build a shared understanding that disaster risk management is an integral part of sustainable economic development and prudent fiscal management. Given the diverse nature of disaster risks in terms of type, frequency, and impact, the PARB Strategy aims to protect state finances from disaster vulnerability by combining various financial instruments. As part of the PARB strategy, the government established the PFB as the primary instrument to help protect state finances vulnerable to disasters.
The socialization session was attended by representatives from the Ministry of Finance’s regional offices and local government representatives. Topics presented included the PARB Strategy by DJSEF Policy Analysts, PFB Fund Distribution by BPDLH, Budget Tracking of Disaster Activities by the World Bank, and Regional Economic Conditions and Potential by Local Experts. Through this activity, it is hoped that local governments can better understand regional vulnerabilities and potential so that they can be better prepared in disaster management and/or recovery.
