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.
|Foreword and Acknowledgements|
|Assessment and recommendations|
|The macroeconomic context in Chile|
|Considering Chile's path towards regulatory reform|
|Assessing Chile's regulatory institutions|
|Examining Chile's administrative capacities for making new regulations|
|Reviewing the management of Chile's existing regulations|
|Considering regulatory compliance, enforcement and appeals in Chile|
|Ex post regulatory evaluation in Chile|
|Multi-level regulatory governance in Chile|
|Chile's regulation of territorial planning and construction permits|
|Improving the regulatory environment for Chilean SMEs|
|Digital government and administrative simplification in Chile|
For more information please contact Guillermo Morales Sotomayor.