ICAO/OECD study identifies avenues for enhancing regulatory governance of Latin American and Caribbean aviation
Source: ICAO ICAO and the Organisation for Economic Co-operation and Development (OECD) have identified technical and financial autonomy as key objectives for Latin American and Caribbean governments looking to enhance the effectiveness of aviation sector regulatory governance. Other areas for attention identified through a new study to be released soon include the selection processes for and conduct of regulatory agency leaders, and the importance of sectoral performance reporting in order to better assess and tailor regulatory options. ICAO already provides guidance for State regulators, highlighting the importance of their independence in safety, security, and economic perspectives. However, fewer than half of the Latin American and Caribbean aviation authorities that participated in the new study reported being legally independent, and most do [...]