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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.

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Developing and managing municipal infrastructure development plans

Managing rapid urbanization is a primary challenge facing many cities, and particularly pressing is the need to provide adequate infrastructure in transportation, water treatment, housing, sewage, and solid waste. However, many local governments—particularly in small and medium-sized cities in developing countries—lack the organizational structures and authority to undertake infrastructure development initiatives. For example, they might lack properly staffed departments of finance, and the proper mechanisms and regulations for public–private investment are often not in place. Similarly, many cities lack the capacity for financing these investments, even when these assets have the potential to become sources of revenue generation.

English

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