Regulatory Policy in Peru

Assembling the Framework for Regulatory Quality

image of Regulatory Policy in Peru

Regulation is one of the key levers of government intervention. When properly designed, it can help achieve environmental and social objectives, and contribute to economic growth. The OECD Review of Regulatory Policy of Peru assesses the policies, institutions, and tools employed by the Peruvian government to design, implement and enforce high-quality regulations. These include administrative simplification, evaluation of regulations, public consultation, and the governance of independent regulators, amongst others. The review provides policy recommendations based on best international practices and peer assessment to strengthen the government’s capacity to manage regulatory policy.

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Ex ante assessment of regulation and public consultation in Peru

This chapter describes the institutions, legal provisions, and practices of Peru for ex-ante assessment of draft regulation and for consultation with the public. It is found that although some of the building blocks have been set, Peru lacks a full-fledged system for ex ante evaluation of draft regulation, in order to assess whether they provide a net positive benefit to society, and whether they are coherent with other government policies. Peru should introduce a system of ex ante impact assessment. The system would require all regulators to prepare a RIA in order to help them in the development of new regulations. Threshold criteria could be employed to define the depth of the assessment efforts. Consultation should be systematic at the early stages when policy options are being defined and impact assessment is being developed, and once a draft regulation and a draft RIA have been produced.

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