Global S&T Development Trend Analysis Platform of Resources and Environment
Improving Subnational Government Development Finance in Emerging and Developing Economies: Toward a Strategic Approach | |
[unavailable] | |
2019-02-11 | |
出版年 | 2019 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
![]() Enhancing subnational development finance must be tailored to the country context. Considerable attention has been given to enhancing subnational development finance in response to the 2008 global financial crisis and recent global development agendas, including the Sustainable Development Goals, Financing for Development, and Habitat III/New Urban Agenda. Much work on this topic is fragmented, focusing on specific elements of development finance: fiscal transfers, capital market access, public-sector lending agencies, or public–private partnerships. Most countries, however, have a range of subnational governments with varying needs and capacities that require different and evolving mixes of development finance mechanisms. Enabling greater subnational borrowing is often desirable but requires adoption of other reform policies to improve the fiscal capacity and creditworthiness of subnational governments over time. We review the rationale and potential for improving subnational development finance, outline the overall landscape of institutional arrangements available for this purpose, and consider broad challenges involved. Based on a review of global practice and experience in selected Asian developing countries with a range of special entities and innovations to enhance subnational investment, we propose a more integrated, strategic approach to building subnational development finance. WORKING PAPER NO: 921 |
URL | 查看原文 |
来源平台 | Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/236933 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Improving Subnational Government Development Finance in Emerging and Developing Economies: Toward a Strategic Approach,2019. |
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文件名称/大小 | 文献类型 | 版本类型 | 开放类型 | 使用许可 | ||
adbi-wp921.pdf(521KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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