Accessing Private Domestic Financing to Improve the Delivery of Urban Services .
Paper | October 30, 2020
Critical to expanding and diversifying the foundation of municipal financing is meaningful, strategic engagement of the private sector.
Over the next decade, municipal infrastructure needs are projected to surpass municipal investments by $6 trillion. If municipal governments fail to improve planning, refine investment strategies, and identify new sources of revenue, this financing gap could be catastrophic. Not only must municipalities improve their planning and spending practices, but governments around the world must leverage existing resources to attract other sources of revenue. Critical to expanding and diversifying the foundation of municipal financing is meaningful, strategic engagement of the private sector.
This piece explores various challenges faced by municipalities trying to maximize limited resources. It offers recommendations and possible solutions to municipal officials seeking creative ways to leverage existing resources and access new ones to build financial self-reliance.