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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Management of the stock of regulation and administratives implification policies in Peru

This chapter describes the efforts and achievements of Peru in managing and simplifying the stock of regulations in Peru. It is found that although a strategy for administrative simplification is in place, oversight of its implementation should be enhanced. These efforts are further undermined because the Peruvian government lacks a baseline of administrative burdens emanating from formalities and information obligations for business and citizens, which can make difficult to target resources and communicate results. Peru should ensure the full implementation of the policies of administrative simplification, which should include evaluation of the impacts, and should consider establishing a programme on ex post evaluation of regulation.

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