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Risk Management

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About financial risks and opportunities management policy

The ministry of finance adapted financial risks and opportunities management policy which is an organized and integrated approach to identify and evaluate risks. through this approach measurements are taken to prevent or reduce risk severity if it occurs and exploit opportunities.

Objectives

  • Ensuring ministry strategic plans progress.
  • Enhancing financial and institutional performance efficiency
  • Identify financial risks and responsibilities to address them
  • Providing readings in the expected risks and its management mechanisms.
  • Enhancing integration between ministry governmental subdivisions.

Policy Success Factors

Support and participation

1

everyone is involved in financial risks management policy execution.

Continuity

2

Educate employees about risks management policy regularly and update risks constantly based on adopted response plans and used tools.

Monitoring and verification

3

Identify, assess and manage financial risks integrally and methodically

Flexibility and updating

4

Flexibility in updating and developing the policy in line with changes and developments

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