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Municipal development funds and intermediaries

Author

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  • Davey, Kenneth

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.

Suggested Citation

  • Davey, Kenneth, 1988. "Municipal development funds and intermediaries," Policy Research Working Paper Series 32, The World Bank.
    • Handle: RePEc:wbk:wbrwps:32
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    Cited by:

    1. Roy Bahl & Richard M. Bird, 2014. "Decentralization and Infrastructure: Principles and Practice," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1408, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    2. Patricia Clarke Annez & Gwénaelle Huet & George E. Peterson, 2008. "Lessons for the Urban Century : Decentralized Infrastructure Finance in the World Bank," World Bank Publications - Books, The World Bank Group, number 6435, December.

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