Municipal development funds and intermediaries

Kenneth Davey

No 32, Policy Research Working Paper Series from The World Bank

Abstract: Municipal development funds have the basic purposes of channelling more investments in urban infrastructure through municipal governments and of strengthening the capacity of these institutions in the process. They have attracted the support of the international aid donors because they offer a mechanism for"wholeselling"urban investment, i.e. for the provision of aid funds to widely diffused investments, often of a minute scale by donor standards. This paper seeks to describe these developments in funding channels and their intended institutions. Judgement, however is extremely tentative, as most of the recent round of innovations and aid projects are at an early stage.

Keywords: Public Sector Economics&Finance; Municipal Financial Management; Public&Municipal Finance; Urban Economics; Banks&Banking Reform (search for similar items in EconPapers)
Date: 1988-07-31
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