Municipal Infrastructure Financing
Innovative Practices from Developing Countries
The book presents some innovative options for alternative sources of municipal infrastructure financing, including attracting private sector participation, based on the successful experience of other developing countries.
It also identifies the key challenges in municipal financing, and any broad institutional and financial strengthening measures that are required to tap alternative sources of financing for growth-oriented municipal investments.
Contents
Introduction by Nadir Ehsan, Senior Municipal Development Specialist, CDIA
Abbreviations and acronyms
Currency equivalents
Editor’s Acknowledgements
1. Overview and Outline by Munawwar Alam
2. State of Municipal Finance in Commonwealth Developing Countries
3. Tanzania – The Case of Dar es Salaam
4. Uganda – The Case of Kampala
5. Pakistan – The Case of Karachi
6. Bangladesh – The Case of Dhaka
7. Innovative Approaches to Municipal Infrastructure Financing
8. Conclusion
References
Index
Reviews
Overall, this slim volume is a very useful addition to the literature on decentralization and municipal infrastructure finance. It serves as a quick reference to the state of international practice and trends in municipal financing of public infrastructure as well as the particularities of these four countries. The list of primary sources consulted and extensive list of secondary references used at the end is quite helpful. The case studies are illuminating, highlighting how rapid urban growth combined with high levels of urban poverty, incomplete fiscal decentralization and undeveloped financial markets combine to frustrate municipal infrastructure development. Although the challenges are similar, the structure of administration and decentralization processes differ by country, as well as possibilities for locally sourcing revenues, which in turn shape the strategies that governments pursue to fund public services provision.
Public Works Management Policy, October 2010 vol. 15 no. 2 137-141, doi: 10.1177/1087724X10376775
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