In today’s world of continual changes and disruption, local authorities around the world have an increasingly important role to carry on relating with the provision of public services. In their agenda, they deal with great challenges as a result of their cities growing larger, thus straining basic infrastructure, coupled with the impact of natural disasters and other events linked to climate change. Meanwhile, the financial disruption brought about by the pandemic outburst and continuous ongoing geopolitical matters have also intensified these challenges.
Local authorities are confronted with profound economic challenges that circle the main issue in hand; notably the widening gap between the availability of financial resources and their growing needs.
Still, proper planning and financing systems are reasons for local governments to be optimistic as they offer opportunities for matching their needs with investment financing frameworks and tools.
In this workshop, we will share experiences and aim to identify successful financing mechanisms that allow municipalities to make strategic investments in their cities, support economic growth and social cohesion, and thus create confidence for better days ahead.
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