Full Description
This book highlights the need to boost infrastructure investment in cities as also the necessity for fiscal management across all levels of government-within the context of decentralizing service delivery responsibilities. The volume provides case studies reflecting various viewpoints and a range of success and failure stories from five countries. The topics covered include:- Impact of political and fiscal decentralization- Limitations on borrowing- Managing moral hazard- The role of the financial sector in striking a balance between controls and encouraging the local government to maintain fiscal discipline
Contents
PART ILegislation and Fiscal Adjustment - Luis de Mello The Case of Brazilian Local GovernmentsChina - Ming Su and Quanhou Zhao Fiscal Framework and Urban Infrastructure FinanceMobilizing Urban Infrastructure Finance in a Responsible Fiscal Framework - Subhash Chandra Garg The Case of IndiaInfrastructure Development in Poland - Krzysztof Ners The Issues at StakeMobilizing Urban Infrastructure Finance within a Responsible Fiscal Framework - Philip van Ryneveld The South African CasePART II: MOBILIZING LOCAL INFRASTRUCTURE FINANCE - George E. PetersonUrban Infrastructure Investment and Financing in Shanghai - Gao Guo FuMobilizing Financing for Urban Sanitation Infrastructure in Brazil - Aser Cortines and Sandra BondarovskyTamil Nadu Urban Development Fund: Public-Private Partnership in an Infrastructure Finance Intermediary - L. KrishnanInca - Johan Kruger and George E. Peterson A South African Private-sector IntermediaryLand Leasing and Land Sale - George E. Peterson As an Infrastructure Financing OptionUrban Infrastructure Finance from Private Operators - Patricia Clarke Annez What Have We Learned from Recent Experience?
