Evaluating Infrastructure Regulatory Systems

More than 200 infrastructure regulatory bodies have emerged in the last 15 years. Few of today's regulators achieve the gold standard – an independent regulatory body meeting the needs of both investors and consumers. Sometimes taking the "next step," with a hybrid or transitional model, is more realistic than aiming for a fully independent regulator.

The best way to improve poorly performing regulatory systems is to subject them to periodic reviews to make sure they are fully functional and supportive of a government's long-term objectives for the sector. Such reviews must consider not only the "how" of regulation - the laws, institutions, and processes - but also the "what" of regulation, namely substantive decisions and actions taken. This toolkit provides guidance on conducting independent and public evaluations of regulatory systems in developing and transition countries. It describes how to perform quick, mid-level, and in-depth reviews.

Download the toolkit (PDF, 1.2MB).