Financing Cities

This book looks at the practical policy dimension of reconciling two valid policy perspectives: the need to boost urban infrastructure investment levels and the need for prudent fiscal management across all levels of government—all in the context of decentralizing service delivery responsibilities. Several countries are featured to offer contrasting approaches and experiences. The book addresses different dimensions for reconciliation between fiscal policy and urban infrastructure investment: in policy design, analytical understanding, national and international debt rules, and the politics of policy implementation. The volume provides a menu of experience-tested institutional arrangements and financing strategies, thus offering a much better informed basis for making policy choices.