EDB embarks on the Regulatory Impact Assessment Framework to sustain buoyancy of the Mauritian Economy
In a bid to further enhance the business and investment climate, the Economic Development Board is gearing all efforts to materialize the project entitled “Improving the Business and Investment Climate in Mauritius".
In this perspective, the Economic Development Board in collaboration with the European Union and the OECD organized a half day workshop to mark the official launching of the establishment of a Regulatory Impact Assessment (RIA) framework in Mauritius this afternoon, Wednesday 4th September 2019 at the Caudan Arts Centre. This marks an important milestone in the development of a conducive ecosystem for doing business in Mauritius,
It should be outlined that the implementation of the ‘Improving the Business and Investment Climate in Mauritius project”, is co-financed by the European Union to the tune of EUR 10 million and comprises the following components:
- Implementation of the National Electronic Licensing System (NELS)
- Business Process Re-engineering (BPR) Exercise
- Implementation a Regulatory Impact Assessment Framework
- Regulatory Review exercise
- Change Management and Communication
The implementation of the RIA bears testimony to the Government’s willingness to improve the regulatory quality in the country
In his address, Mr. Francois Guibert mentioned that the RIA framework will comprise a comprehensive mechanism to assess the implications of legislative proposals from different perspectives and provide a systematic, ‘evidence-based decision making’ framework. The CEO also expressed his determination to consolidate the competitiveness of the business environment which provides the basis for economic growth and the pre-requisite for positioning Mauritius as an attractive investment destination. Mr. Guibert urged all stakeholders to contribute fully in this exercise with a view to facilitate the formulation of effective policies and to tailor the most convenient model which suits the requirements of the Mauritian economy.
On the other hand, Mr. Massimiliano Messi, Second Secretary of the Delegation of the European Union to the Republic of Mauritius provided an insight into the RIA project which is funded to the tune of EUR 500, 000 and reassured the EU’s support for the reform agenda & enhance the policy framework in Mauritius.
In his keynote address, the Attorney General, Minister of Justice, Human Rights and Institutional Reforms underlined that the RIA project is part of a bigger reform plan being implemented by Government for graduating Mauritius from a middle-income to a high-income economy. He further reiterated that this ambitious project which is fully supported by the Government will usher in a new era of prosperity, stability, predictability and progress.
The Attorney General emphasized that the implementation of such a project in Mauritius clearly testifies the Government’s commitment to develop a new public management ideology, which is geared towards high efficiency, performance measurement, transparency, an increase in business entry and start-ups, jobs, innovation, as well as a sustainable and stable long-term growth.
He further highlighted that the Economic Development Board is engaging with the Judiciary to define an action plan for reforms in the process of settlement of commercial disputes.
The workshop also featured a comprehensive presentation on the importance of good regulatory practice by Mr. Zakir Caunhye, Head, Doing Business Reforms Implementation & Monitoring at EDB. Moreover, Mrs. Céline Kauffmann, Deputy Head and Mr. Daniel Trnka both from the Regulatory Policy Division of the OECD showcased a presentation the Regulatory Impact Assessment as a tool for evidence-based policymaking. On the other hand, Mr. Richard Alcorn & Guillermo Hernandez of the OECD Regulatory Policy Division explained the rationale of the project and provided an overview of the project timeline.