Finance for City Leaders Handbook

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Cities are a driving force of the 21st century. Through bringing large numbers of people into close proximity, they spark economic growth, foster innovation, and generate prosperity. But they face the pressing challenges of creating a livable environment for their residents, enabling economic activity that benefits all citizens, and fostering urban development that is environmentally sustainable, equitable, and resilient to disruptive forces. Finance for City Leaders presents an up-to-date, comprehensive, and in-depth analysis of the challenges posed by rapid urbanization and the various financing tools municipalities have at their disposal. By providing city leaders with a wide array of financing solutions that emphasize sustainability, inclusion, and financial autonomy, this publication contributes to the growing conversation on how cities can look inward to finance major capital expenditures, infrastructure maintenance and operation, and public services.



Green municipal bonds

The rapid growth of the market for green bonds—the proceeds of which are used to finance projects that will improve the environment—has sparked interest among stakeholders worldwide. Municipalities, cities, and state-owned utility companies have begun to emerge as strategic issuers of green bonds in the United States, Europe, and South Africa. The growth in green bonds comes amid greater awareness of climate change and expanding investor appetite for environmentally friendly investment products. Green municipal bonds are an important area for future growth as cities and other sub-national entities look to low-cost and long-term sources of capital to finance climate mitigation and adaptation infrastructure requirements.


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