Enabling Environment (Policy and Regulation).

 

As recognized by the regulatory community as best practice, an adaptive, resilient, evidence and outcome based, collaborative and fit-for-purpose policy and regulatory ecosystem is necessary for open and competitive digital markets to thrive along with delivering positive consumer outcomes and provide the foundation for Digital Transformation. The Best Practice Guidelines ‘Regulatory uplift for financing digitalinfrastructure, access and use’ adopted by regulators at the Global Symposium for Regulators(GSR) further amplify the importance of policy and regulatory thought leadership, cross-sectoral collaboration, building trust, engagement, and novel regulatory approaches the gold standard for digital regulation, to fast-forwarding digital connectivity for all, and bridge the funding and financing gap in digital markets. Serving as a reference framework of good practices for digital policy and regulation, the G5 Benchmark and ICT Regulatory Tracker help countries to track progress, identify gaps in policy and regulatory frameworks and to Establish roadmaps towards digital collaborative governanceand inclusive digital transformation across all sectors of the economy