Peru ‘s government, backed by a loan from the Inter-American Development Bank , asked JC&A to review the existing regulatory and institutional frameworks in the light of the development of new tools and practices to control inflation and low quality regulations harmful to the economy regulation and promoting the informal economy. Based on a diagnosis the government developed a multi-year action plan to establish a regulatory impact analysis (RIA). In particular, the Ministry of Economy and Finance, together with the ministries of Labor and Health, conducted a series of RIA pilots to test and evaluate the new procedures, guiding principles and institutions and instruments. This project also assisted the government to launch a regulatory guillotine to review all decrees and trade-related technical standards.
Peru, Ministerio de Economia y Finanzas, 2005.