With the support of the USAID Economic Governance Program, IDFI has released the results of the Public-Private Dialogue Quality Assessment process. The evaluation lasted for three years. In the first year of project implementation, 8 laws, 8 by-laws at the central level and 3 regulations at the municipal level were selected for evaluation.

From these acts, the Georgian financial treasury Association was involved in the development of the "Decree of the President of the National Bank on the Approval of the Rules of Operation of Foreign Exchange Market Participants" as a party involved in the preparation of legislative acts.

The quality of public-private dialogue was assessed at four stages of drafting the legislation:

•         General policy development stage;
•         Stage of working on the text of the law / regulation;
•         Dissemination of information and comments from the public;
•         Ex-ante regulation impact assessment phase;

According to the results revealed by IDFI, the by-law “ Rules of Activity of Foreign Exchange Market Participants” received the highest rating (2.44) among the by-laws.

You can find the IDFI report "Public-Private Dialogue Quality Assessment 2020-2021 in the process of drafting normative acts" at the link.