By doubling their revenues through property taxation, nine Eastern Serbian municipalities are now able to finance projects vital to their communities.
A colourful video overview how local governments in Ghana can increase their Internally Generated Funds and what benefits they provide.
“Those innovative instruments are now recognised as effective instruments to finance urban development”
Subnational Pooled Financing Mechanisms (SPFMs) are expected to play an increasingly strategic role in financing sustainable development. Jean-François Habeau, Executive Director of the international cities network FMDV, talks about the benefits and specific challenges of Subnational Pooled Financing Mechanisms for developing countries.
In order for cities to be able to fulfil their role as actors and spaces for sustainable development, they require solid financing. The growing need for investment in respect of infrastructure poses a great challenge for cities across the globe to find new ways for them to be able to increase their often scarce resources.
There is no shortage of ideas for sustainable development projects in Asia. However, often the financial resources provided for environmental and climate protection projects as well as waste water, energy or infrastructure projects is scarce. The Cities Development Initiative for ASIA (CDIA) supports Asian cities in finding investors and building their infrastructure. In an interview with Urbanet CDIA-Coordinator for GIZ Claudia Hermes explains how the CDIA works and what the idea behind it is.