Government Capacity to Ensure High-Quality Regulation
One of Chile’s biggest strengths is its very sound macroeconomic framework that reinforces
its economic resilience. This is partly based on a prudent regulatory and supervisory
framework governing the financial system. Furthermore, the government’s Agenda for
Productivity, Innovation and Growth, co-ordinated by the Ministry of Economy with
the participation of other ministries and state services, constitutes a good opportunity
to use regulatory policy as a driver to reform the policymaking framework of Chile.
For example, Chile has already made substantive progress in making regulations more
accessible and communicating administrative requirements. However, while in Chile
national regulations provide the general framework for administrative procedures and
an efficient state administration, the lack of a comprehensive regulatory reform programme
has reduced the possibility of achieving even better economic outcomes and unleashing
resources to boost productivity. The regulatory policymaking framework lacks some
key features seen in other OECD countries (e.g. stakeholder engagement, regulatory
impact assessment, oversight body) that would make sure that regulations are designed
in the best way. Good practices in rule-making procedures are also rather limited.
This review presents the way forward for improving the government’s capacity to ensure
high-quality regulation in Chile.
Published on April 25, 2016Also available in: Spanish
Create an agency to oversee the process of rule-making currently managed by different government departments with no overall supervision
Adopt a formal, explicit, binding and consistent whole-of-government regulatory policy with clear objectives and a communication strategy
Develop mandatory standards and guidelines for the preparation of laws and regulations, including compulsory consultation practices and forward planning
Introduce regulatory management tools such as regulatory impact assessment and ex-post evaluations
Consolidate and broaden the administrative simplification programme in co-ordination with digital government initiatives