Description
Municipal Infrastructure Financing provides an overview of the municipal finances and the extent of private sector involvement in the delivery of municipal services in selected Commonwealth developing countries. Four cities are examined in detail: Dar es Salaam in Tanzania, Kampala in Uganda, Dhaka in Bangladesh, and Karachi in Pakistan.
The authors then present some innovative options for alternative sources of municipal infrastructure financing, including attracting private sector participation, based on the successful experience of other developing countries, from across the developing world.
The authors then identify the key challenges in municipal financing, and any broad institutional and financial strengthening measures that are required to tap alternative sources of financing for growth-oriented municipal investments.
Contents
Foreword by Ransford Smith
Introduction by Nadir Ehsan
1. Preface and Acknowledgements by Munawwar Alam
2. State of municipal finance in Commonwealth developing countries
2.1 Background
2.2 Sources of municipal finance
2.3 International experience on alternate sources of financing
3. Tanzania - the Case of Dar es Salaam
4. Uganda – the Case of Kampala
5. Pakistan – the Case of Karachi
6. Bangladesh – the Case of Dhaka
7. Innovative approaches to municipal infrastructure financing
7.1 Introduction to market-based financing of sub-national infrastructure
7.2 Borrowing from development banks and financial institutions
7.3 Direct borrowing from capital markets - municipal bonds
7.4 Specialised municipal intermediaries
7.5 Public private partnerships
8. Conclusion
8.1 Challenges of municipal infrastructure financing
8.2 Measures to access alternate private financing for municipal infrastructure
8.3 Summary
9. References
Index