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The main objective of this project was to improve the transparency, efficiency, and predictability of the regulatory environment in Colombia by identifying, implementing, and strengthening good regulatory practices (GRP), which includes evidence-based approaches to the production and revision of regulation.

To achieve this objective, the IFC and the Government of Colombia collaborated on two mutually supportive components that aim at improving the quality of the regulatory flow and stock in Colombia. These two components were:

  • Define and apply different methodologies to an ex-post review of existing Regulations and
  • Support the setup of an ex-ante regulatory impact assessment system at national and subnational levels.

World Bank, 2019-2021.