The government recognizes the pivotal role of private sector investments and, thereby, commits to continuously enhance the business climate. Foreign investments are encouraged to fill in capital gaps, help provide employment, increase production, and provide a base for the overall development of the economy. Investment rules and regulations have thus been liberalized to facilitate entry of foreign investments.
RIA is a process that is part of the broader regulation making and review processes of the departments. The RIA process promotes assessment of the impacts of a regulation with proper methodology, including cost-benefit analysis and stakeholder consultation to ensure that the regulation is effective and efficient in achieving policy objectives while minimising negative effects on stakeholders affected.