Local Government Units` Access to the Private Capital Markets

Mario Lamberte (), Rosario G. Manasan, Gilberto M. Llanto, Jaime C. Laya and Antonio Avila

No DP 1996-06, Discussion Papers from Philippine Institute for Development Studies

Abstract: The devolution of functions and responsibilities to LGUs has translated to the expectations of an improved delivery of public goods and services. However, LGU funding, mainly coming from the national government, loans from the government-owned financial institutions and Municipal Development Fund, have not been sufficient to meet the LGU requirement. This study provides results and analyses that can assist the government in developing a policy and institutional framework for the establishment of a municipal credit system well participated by the private sector.

Keywords: Local Government Units (LGUs); capital markets; local government unit expenditures (search for similar items in EconPapers)
Pages: 200
Date: 1996
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Citations: View citations in EconPapers (3)

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