IFAC's video: MOSAIC Forum: Session 2 - Strong Public Health Sector

This session explored the importance of Public Financial Management (PFM) during times of health crisis and more generally to the performance of public health sectors around the world. Panelists discussed the importance strong PFM has in identifying initiatives that offer greater value for money and in safeguarding public investments in the health sector. Donor representatives stressed the need for flexibility when administering aid and moving resources to fit the needs of the crisis as well as working at the national and sub-national levels to encourage achievement of program goals. Participants all agreed that a well-rounded economy does not necessarily translate into having a well-balanced health system. Finally, panelists and speakers noted that due to the many risks involved in managing and controlling a public health crisis (weak governments, technology, weak fiduciary risks, and countries with no systems in place) governments need to have enhanced monitoring and identification of risks, the flexibility to tailor responses to any situation, and the capacity to engage with governments to manage the crisis.