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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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Policies and institutions for regulatory policy in Peru

Peru has a centralised system of government which comprises the executive, legislative and judiciary powers. Peru does not have a legal or policy statement for the application of a whole-of-government regulatory policy. Instead, it has specific elements that purse regulatory quality embedded in numerous legal documents. Mirroring the scattered elements of regulatory quality included across legal and policy instruments, the institutional landscape of Peru also offers a view in which legal attributions, practices, and efforts on regulatory policy are dispersed across several agencies, without articulated efforts for co-ordination, with some specific exceptions. Peru should consider issuing a policy statement on regulatory policy with clear objectives, and considering including this statement as part of a law or another legal document with binding capabilities. Peru should also aspire at establishing an oversight body which concentrates regulatory policy activities and tools currently spread across several ministries, agencies and offices.

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