Risk management : internal USAID literature review

USAID does not have a corporate strategic framework on risk management. Absent an integrated risk management that supports a consistent approach to risk management both vertically and horizontally, its focus over the last 35 years has been more on its myriad development programs and sector-specific approach to risk management. More recently, however, USAID has incorporated a RM approach in its internal management and financial controls, business systems modernization, as well as information systems safety. Although an official RM policy (specific to financial accountability) did not appear until 2002, USAID"s programmatic experience with RM dates back to the late 1970s. A significant jump in the number of USAID activities that employ a RM approach can be seen in the 1990s and 2000s. Appendix B, USAID Programmatic Experience, provides more information on USAID programs with a RM focus. (Author abstract, excerpt)