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Implementing Regulatory Impact Analysis in the Central Government of Peru

Case Studies 2014-16

image of Implementing Regulatory Impact Analysis in the Central Government of Peru

This report looks at Peru's progress in adopting regulatory impact analysis (RIA). Based on an analysis of how regulations are issued in five Peruvian ministries, it evaluates the extent to which the building blocks of an RIA system are in place. The report offers recommendations for accelerating the adoption of international practices and the establishment of a comprehensive RIA system in Peru.

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Executive summary

Regulations can have a positive or negative impact on the performance of an economic sector or economy. A specific regulation can open or close markets, can promote the elimination or creation of monopolies, can raise entry barriers, or can reduce or boost incentives for innovation or entrepreneurship. It is therefore important to review and improve the process of issuing regulations, to ensure that they are fit-for-purpose, that they will effectively address the policy problems that gave rise to them, and that their goals contribute to social welfare and inclusive growth.

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