Quality policymaking benefits from a process that is predictable, transparent, participatory, and accountable. This type of process helps make decisions that are legitimate, justified, effective, and proportionate. It is important to note immediately that regulation is only one possible option available for governmental intervention in society and the economy (see Box 1 for a definition of regulation).

ISET’s Policy Institute is proud to announce the unveiling of its Regulatory Impact Assessment (RIA) Manual. The ISET Director, Tamar Sulukhia, introduced a presentation of the work, where she thanked governmental and donor initiatives alongside USAID for all the assistance provided during the process.

This in-depth study seeks to quantify the costs and benefits associated with introducing a local tourism fee to support public services and touristic infrastructure in Georgian municipalities. Locally generated and retained fee revenues are one of the best methods for boosting local economies and maintaining tourist infrastructure. A tourism local tax and/or fee is an internationally accepted practice and is paid by non-residents when staying in local tourist accommodations and when receiving specialized services.

On the 25th of January, the Agricultural Policy Research Center attended a hearing of the draft law on agritourism by the sectoral committee of the Parliament of Georgia, during which our research team presented the findings of the Regulatory Impact Assessment (RIA) of the draft law and discussed the associated socio-economic benefits and costs.

Regulatory Impact Assessment (RIA) is a core tool for regulatory quality. It is a systemic approach to structurally define policy issues and critically assess the likely positive and negative effects of the regulatory and non-regulatory alternatives proposed to address them.