A key recommendation of the German Habitat Forum held in May 2016 in Berlin was that “cities need to be empowered as actors”. Urbanization not only implies geographical changes, but also a political change in order to manage growth. This is where local governments are most needed.
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.