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. Since the institutionalization of RIAs in Georgia last year, such assessments have become vital to the country. Crucially, having completed 24 RIAs thus far, ISET was in the perfect position to author the Manual based on years of experience and expertise.

Laura Berger from USAID and Davit Korakhashvili from the Government of Georgia went on to highlight the vast benefits of RIAs, which have been used in effective policy creation since 2015 in Georgia. They emphasized their significance in draft laws and for policymakers, and also in the impact on democratic development. Thus, ISET’s RIA Manual for Practitioners will act as a roadmap for success during the institutionalization process.

Norberto Pignatti, Lead Economist at the ISET Policy Institute, and his team have worked tirelessly to formulate a manual that is easy to follow, comprehensive, and logically structured. The work aims to help institutions that are unfamiliar with the process by highlighting the RIA framework and also identifying common missteps in the practice.

By considering every predicted policy outcome, using diverse stakeholder consultations and a variety of economic means, RIAs help the government, and its intuitions, make informed policy decisions. As such, ISET is delighted to have made an impact on Georgia’s future regulatory processes.

The Manual will soon be available on the ISET Policy Institute website!