The IMF has predicted low or negative growth for the next 12 months, crime has increased, geopolitical risks have increased, the population is restless and they have an immigration problem with an influx of citizens from neighboring islands. The hurricane season is predicted to be heavy (but less heavy than last year). The war in Europe is now more than 1 year old and counting, food prices are rising and further supply chain disruptions are expected. You have been asked to develop and submit to Cabinet for approval: A plan to implement an ERM framework that will be used by all ministries and extended to the private sector. Please note: General elections are due in November 2024.

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To develop a comprehensive plan for implementing an Enterprise Risk Management ERM framework in the current challenging environment several key steps ... View the full answer