Regulatory Impact Analysis (RIA) is a fundamental tool to help governments to assess the likely benefits, costs and effects of new or existing regulation. By improving the quality of regulatory design, RIA assists governments to make their policies more efficient. This is all the more important as governments cope with budgetary constraints, and the consequences of competing policy demands.
This guide for policy makers with little knowledge about RIA is intended to cover the main elements that constitute the RIA process, with a focus on basic institutional preconditions for successful implementation. It draws on the extensive work of the OECD on the RIA practices of OECD members. The OECD framework highlights the benefits of RIA, to help practitioners better understand the elements needed to introduce and consolidate a RIA system.