1. Regulatory Strategies and Solutions Group, LLC
Regulatory Design for Economic Growth:
Tailoring Tools to the Colombian Context
Nathan Frey
Regulatory Strategies and Solutions Group, LLC
May 16, 2016

2. Better Regulation Principles
Coherence
Openness
Proportionality
Participation
Effectiveness
Accountability

3. Better Regulation Practices
A “whole of government” approach to regulatory coherence and culture of sustained improvement
Transparent, evidence-based decision making (RIA)
Public consultation and stakeholder participation in the regulatory development process

4. Better Regulation in Context
Empirical evidence has shown how adoption of principles and practices of better regulation can promote economic growth and investment
Principals of better regulation should guide reforms but no “one size fits all” model for implementation
How to manage resource limitations?
Begin with reforms that have the most immediate, impactful payoffs
Stock of current regulations and flow of future regulations

5. Government wide approach to reform
Blueprints for economic development help guide reform priorities
Allows systematic evaluation of growth impediments and solutions
Short, medium, long terms goals
Timelines to track progress
“Whole of Government” reforms promote sustained progress
Accountability, consistency and credibility

6. RIA Light
Use of “RIA light” principals and pilot projects are useful starting points for initiating reforms
Many countries begin reforms by prioritizing simplification of business licensing procedures
Information gathering to determine state of business climate
Diagnosis of duplicative requirements, inefficiencies
Dramatic improvements in “doing business index and competitiveness rankings

7. RIA Implementation
Systematic use of RIA is sustained through legal mandates or policy statements
Guidance to regulators on RIA methods is necessary for effective implementation
Public consultation to inform RIAs is critical
Allows best available information to inform policy
Enhances transparency of regulatory decisions
As Colombia develops new pilot projects, consider what types of regulations may be best suited to methodological considerations

8. Public Consultation
Consultation can improve the efficiency, effectiveness of policies with helpful information for regulators
Stakeholders are often more informed than governments about impacts of regulatory proposals
Consultation options:
Notification – publication in official gazette
Consultation – select stakeholders on specific proposals
Participation – active involvement of all interested parties

9. Public Consultation
Systematic (legal or policy) incorporation of public consultation ensures consistency, predictability for stakeholders
Mechanisms showing how government responds to stakeholder input enhances transparency, confidence in the regulatory system
Capacity and resource constrains
Notification at minimum
the most important, impactful policy developments should be as consultative and participatory as possible

10. Understanding the Colombian Context: Government wide policy coordination
As Colombia develops a national regulatory policy, what factors are most important to consider to develop and implement these policies on a government wide basis?
In creating new institutions responsible for ensuring regulatory quality, which capacities are the most important to emphasize and why?

11. Understanding the Colombian Context: RIA Implementation
What criteria should be considered in deciding which regulations to subject to RIA?
RIA as a regulatory tool is only as effective as the data supporting it.
What sources of data in Colombia can be used to help inform regulatory costs and benefits?
What data needs can be identified as priorities as Colombia develops methodological capacities?

12. Understanding the Colombian Context: Public Consultation
In an ideal world, lacking resource or institutional constraints what elements of a national public consultation policy should be considered in Colombia?
In developing an online platform for public consultation, what features are most important to consider?