Principles of municipal finance: Introduction

The world’s population is becoming increasingly urbanized, with estimates suggesting that by 2050, two-thirds of humanity will live in cities and towns. This shift will require governmental reforms—particularly on the part of local governments, which will be responsible for managing many of the socioeconomic consequences of large-scale urbanization. The scope and complexity of this transformation precludes a fully accurate prediction of the changes it will require of a particular local government. Nonetheless, by comparing experiences and discussing strategies, it is possible to establish principles that can serve as general guides for reform. It is crucial that this reform process remain grounded in formulating and implementing policy changes that benefit citizens.

Sustainable Development Goals:

Sustainable Cities and Communities

Peace, Justice and Strong Institutions