Unlocking Subnational Finance: Overcoming Barriers to Finance for Municipalities in Low- and Middle-Income Countries
This report is intended to address this development challenge. It provides a snapshot of the volume of finance flowing to municipalities in developing countries, showing that such flows have been extremely restricted in recent years.
Municipalities in low- and middle-income countries confront financing needs that greatly exceed available flows. Currently, most investment in municipal infrastructure is financed directly from public fiscal sources, but needs cannot be met by existing public and international development sources alone. Much greater use of private and commercial financing will be required.
This new World Bank Group report is intended to address this development challenge:
- It provides a snapshot of repayable financing flows to municipalities in developing countries, showing that such flows have been extremely restricted in recent years.
- It identifies the chief factors that contribute to these restricted flows, along three dimensions: municipalities’ effective demand for finance, the supply of finance, and the intermediating regulatory environment.
- Finally, it offers recommendations for municipalities, national governments, and development partners to address these constraints.
UNEA-7 Cities and Regions Summit
Hosted in the lead-up to UNEA-7, this Summit will unite subnational leaders to strengthen collaboration and amplify the importance of cities.
UrbanShift Annual Report 2024-2025
UrbanShift's final Annual Report spans an impactful year of over 30 events and major progress across our network of 23 cities.
MULTILEVEL GOVERNANCE FOR INTEGRATED URBAN PLANNING
This report outlines key learnings and insights from UrbanShift's Multi-Level Governance Dialogues.
UrbanShift Looks Back: On Changing the Conversation around the Role of Cities in Climate Action
Over the past five years, UrbanShift's advocacy efforts have helped to shape the conversation around the value of cities for driving transformative progress. UNEP's Gulnara Roll, Sharon Gil and Elsa Lefèvre share their reflections.
