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

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

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

World Bank, 2019-2021.