operative definitions of prioritization through comparative advantage or any other form of prioritization. E.
The Bank’s Treatment of Risk
3.48
The Guidelines require that the strategies contain an assessment of risk and for measures to attenuate this risk, “For each identified risk to the implementation of the Bank’s strategy for the country, the corrective or ameliorative measures, by the Bank of the country, need to be ascertained…”
3.49
In order to determine the degree to which strategies address risk the analysis will rely on the strategy-specific findings of each Evaluability Note and on the scoring results from the evaluability exercise. The results of the scoring for the three questions on risk are presented in the Table below. Table 3.8: Frequency Distribution for Risk Questions
Mean Identification of risks Development Objectives (R1) Strategy Component (R2) Mitigation measures (R3)
2.16 1.27 1.64
Percentage scoring 1 2 2% 73% 36%
80% 27% 64%
3
4
18% 0% 0%
0% 0% 0%
1 "no content"; 2 "poor content"; 3 "adequate content"; 4 "superior content"
3.50
As can be seen all strategies complied with the minimum requirement of identifying some sort of risk for development objectives. This is reflected in the absence of virtually any scores in the ‘1’ category. Nonetheless, further review shows that with the exception of strategy number 3 (see Annex Table B.7), risks were identified at very general levels, with no measure of degree, and with no justification based on experience, data, or other criteria. This has resulted in a concentration of scores around ‘2’. With respect to strategy-specific risks the results were worse. The review of strategies also revealed that risks are almost never specified with respect to strategy components, but rather at the general strategy level. This is reflected in high percentage (73%) of ratings of ‘no content’ for strategy component risks. In terms of measures to mitigate risks, although most strategies identify measures, they were also very general, not logically related to any development objective, and usually stated without any measure of degree or magnitude. These deficits are reflected in the high percentage of ratings (64%) in the category ‘2’. These issues are discussed in more detail below.
on the development of high value-added employment generating activities such as tourism and the financial services sectors.”
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