| Description |
1 online resource : illustrations, maps |
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illustration, map |
| Series |
Africa development forum |
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Africa development forum.
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| Contents |
Financing local investment: a review of fundamentals -- Urbanization and sectoral policies in context -- Decentralization, basic services and local governance -- Investment financing frameworks and new funding mechanisms -- Outlook for 2030-2050: which road map(s)? -- Case studies: 8 countries paired with their financing tools -- Results: an attempt to characterize countries and their tools |
| Summary |
This volume addresses the issues of financing urban growth of the African continent -- which has the highest urban growth rate on the planet -- in the next decades. Considerable investment will be needed to sustain this level of growth and to clear up accumulated backlogs. At the same time, decentralization has resulted in increased responsibilities for local government; but in most cases, institutional reforms were carried out without the transfer of a sufficient level of resources, and local capacities in governance and project management are weak. Which mechanisms will finance these extensive needs, and how will African local governments meet these needs? Specifics on how to finance African cities have not been studied. The actual scale of this market has not been fully grasped. A systemic approach to this market is difficult because of its diversity (country size; institutional context; characteristics of urban network; availability of capital market, currency, etc.) and a lack of data. Donors' assistance methods in the sector are disparate, marked by disputes between different schools of thought; special-purpose vehicles created by donors operate according to a variety of methods and with wide-ranging and sparsely disseminated results. What is the best way to transform these systems, often antiquated in many respects, into modern financing systems that facilitate access to domestic markets, mobilize local savings and reinforce local government autonomy? There is no single answer to this question in regard to such a variety of institutional and economic contexts. The main objective of the study is to clarify the debates and to enlighten the choices of African decision-makers at local and national level |
| Notes |
"This book was originally published in France as Financer les villes d'Afrique : L'enjeu de l'investissement local"--Copyright page |
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"A copublication of the Agence Française de Développement and the World Bank." |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Decentralization in government -- Economic aspects -- Africa
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Finance, Public -- Africa
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Municipal finance -- Africa
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Urban policy -- Africa
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Municipal finance.
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municipal finance.
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BUSINESS & ECONOMICS -- Public Finance.
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Decentralization in government -- Economic aspects
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Economic history
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Finance, Public
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Municipal finance
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Urban policy
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| SUBJECT |
Africa -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85001548
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| Subject |
Africa
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| Form |
Electronic book
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| Author |
Nolan, Suzan, translator
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Whittemore, Leila, translator
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Agence française de développement
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World Bank.
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| ISBN |
0821389483 |
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082139455X |
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9780821389485 |
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9780821394557 |
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