The Challenge of Local Government Financiang in Developing Countries

Cities are assets, solutions and drivers of economic and social development. Cities possess huge untapped economic potential that can and should be leveraged to create wealth and economic opportunities for all. This requires good urban planning that supports urban compactness, integration, and connectivity. However, even the best urban plans risk ending up unused if they are not accompanied by financial and regulatory strategies for implementation.
Strategic public investments must go hand in hand with strategic funding mechanisms and supporting governance systems.