"Learn the 10 principles for the effective governance of regulators."
Two billion people now live in countries where development outcomes are affected by fragility. Fragile states tend to be characterized by weak governments and institutions, low levels of trust, and the inability to deliver core services to their citizens. To help infrastructure investments succeed in an already difficult environment, while also reducing costs for enforcement and monitoring, governments may initially opt to lower barriers for market entry by keeping general regulation at a minimum.
However, while it is crucial for fragile states to address critical short-term infrastructure needs, they should also rebuild their capacity to create and administer good regulation—and promote the establishment of a coherent and high-quality regulatory system reaching beyond and across specific public-private partnership (PPP) solutions. This Executive Summary of a World Bank Group guide presents principles that establish a sound governance structure for an infrastructure regulator, and how to address and implement them within fragile contexts.
This is an Executive Summary of the World Bank Group book, Governing Infrastructure Regulators in Fragile Environments - Principles and Implementation Manual. To read the full book, please click here.