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...sharing knowledge, tools and best practices on local economic development and urban/municipal finance to foster sustainable urban livelihoods...

Public-Private Partnerships

This chapter explains what PPPs are and how they work, detail the pros and cons of PPPs relative to public procurement, describes how to measure the success or failure of…

Municipal Pooled Financing Mechanisms

Broadly speaking, pooled financing entails gathering the borrowing needs of a group of municipalities and raising the combined debt on the capital market or from other sources of finance. This…

Green Municipal Bonds

The rapid growth of the market for green bonds—the proceeds of which are used to finance projects that will improve the environment—has sparked interest among stakeholders worldwide.

Creditworthiness

With rapidly growing populations, backlogs of infrastructure projects and scarce public funds to finance them, cities must look to abundant sources of private capital to finance their development needs.

Non-Tax Own-Source Municipal Revenues

The revenue available to local governments is a key determinant of a city’s ability to provide the services citizens need and to meet expenditure requirements. In cases where revenue is…

Sustainable Municipal Finance for Development

Local Governments need to achieve sustainable sources of finance to be able to invest in urban infrastructure and offer basic services. However, local governments face several challenges such as insufficient…

Expanding Municipal Revenues

The costs that municipal governments face are likely to increase every year in line with the processes of urbanization taking place around the world. Thus, raising municipal revenues is among…

Principles of Municipal Finance

Municipal finance consists of the revenue and expenditure of local government in urban areas. Although the remit and capacities of local governments to engage in financial decisions vary enormously, across…

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