On August 22, 2022, USAID released an updated Risk Appetite Statement.
First crafted in 2018, the RAS details the Agency’s willingness to absorb, share, and/or mitigate the various risks – which have historically ranged from programmatic, reputational, fiduciary to legal, security, and human capital – related to its strategic objectives.
Since these objectives change over time and across administrations, so too must the Agency’s RAS.