Customized Risk Management Framework

Abstract

This issue of Engagement in Fragile and Conflict-Affected Situations presents a customized risk management framework to enhance ADB's effectiveness in fragile and conflict-affected situations. Risks to aid effectiveness can be exacerbated in countries experiencing fragile and conflict-affected situations (FCAS). There is no one-size-fits-all solution in FCAS, wherein standard business processes can be challenged by the need for flexibility and customized solutions. ADB has committed to enhancing its effectiveness in FCAS with its 2007 Approach and its operational plan. One of the initiatives identified in the operational plan is the development of a customized risk management framework to guide ADB staff in managing risks in FCAS. The framework presents ADB’s existing business processes, which are customized in each phase of the project cycle to better address or mitigate the four major risks identified during the 2013 High-Level Forum on Building Resilience to Fragility in Asia and the Pacific.