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Author : Somik V. Lall,The World Bank
Publisher : World Bank Publications
Page : 132 pages
File Size : 54,9 Mb
Release : 2013-01-21
Category : Business & Economics
ISBN : 9780821398395
"This report was written by a team led by Somik V. Lall"--P. xi.
Author : Thierry Paulais
Publisher : World Bank Publications
Page : 378 pages
File Size : 53,9 Mb
Release : 2012-07-05
Category : Business & Economics
ISBN : 9780821389485
This volume addresses the issues of financing urban growth of the African continent -- which has the highest urban growth rate on the planet -- in the next decades. Considerable investment will be needed to sustain this level of growth and to clear up accumulated backlogs. At the same time, decentralization has resulted in increased responsibilities for local government; but in most cases, institutional reforms were carried out without the transfer of a sufficient level of resources, and local capacities in governance and project management are weak. Which mechanisms will finance these extensive needs, and how will African local governments meet these needs? Specifics on how to finance African cities have not been studied. The actual scale of this market has not been fully grasped. A systemic approach to this market is difficult because of its diversity (country size; institutional context; characteristics of urban network; availability of capital market, currency, etc.) and a lack of data. Donors’ assistance methods in the sector are disparate, marked by disputes between different schools of thought; special-purpose vehicles created by donors operate according to a variety of methods and with wide-ranging and sparsely disseminated results. What is the best way to transform these systems, often antiquated in many respects, into modern financing systems that facilitate access to domestic markets, mobilize local savings and reinforce local government autonomy? There is no single answer to this question in regard to such a variety of institutional and economic contexts. The main objective of the study is to clarify the debates and to enlighten the choices of African decision-makers at local and national level.
Author : George E Peterson,Patricia Clarke Annez
Publisher : SAGE
Page : 368 pages
File Size : 40,8 Mb
Release : 2007-04-04
Category : Business & Economics
ISBN : 0761935649
This book highlights the need to boost infrastructure investment in cities as also the necessity for fiscal management across all levels of government-within the context of decentralizing service delivery responsibilities. The volume provides case studies reflecting various viewpoints and a range of success and failure stories from five countries. The topics covered include: - Impact of political and fiscal decentralization - Limitations on borrowing - Managing moral hazard - The role of the financial sector in striking a balance between controls and encouraging the local government to maintain fiscal discipline
Author : John R. Vacca
Publisher : Elsevier
Page : 642 pages
File Size : 52,8 Mb
Release : 2022-01-19
Category : Social Science
ISBN : 9780128191316
Smart Cities Policies and Financing: Approaches and Solutions is the definitive professional reference for harnessing the full potential of policy making and financial planning in smart cities. It covers the effective tools for capturing the dynamic relations between people, policies, financing, and environments, and where they are most often useful and effective for all relevant stakeholders. The book examines the key role of science, technology, and innovation (STI) - especially in information and communications technologies - in the design, development, and management of smart cities policies and financing. It identifies the problems and offers practical solutions in implementation of smart infrastructure policies and financing. Smart Cities Policies and Financing is also about how the implementation of smart infrastructure projects (related to the challenges of the lack of financing and the application of suitable policies) underlines the key roles of science, technology and innovation (STI) communities in addressing these challenges and provides key policies and financing that will help guide the design and development of smart cities. Brings together experts from academia, government and industry to offer state-of- the-art solutions for improving the lives of billions of people in cities around the globe Creates awareness among governments of the various policy tools available, such as output-based contracting, public-private partnerships, procurement policies, long-term contracting, and targeted research funds in order to promote smart infrastructure implementation, and encouraging the use of such tools to shape markets for smart infrastructure and correct market failures Ensures the insclusiveness of smart city projects by adequately addressing the special needs of marginalized sections of society including the elderly, persons with disabilities, and inhabitants of informal settlements and informal sectors Ensures gender considerations in the design of smart cities and infrastructure through the use of data generated by smart systems to make cities safer and more responsive to the needs of women Demonstrate practical implementation through real-life case studies Enhances reader comprehension using learning aids such as hands-on exercises, checklists, chapter summaries, review questions, and an extensive appendix of additional resources
Author : N. D. Mutizwa-Mangiza
Publisher : UN
Page : 108 pages
File Size : 43,5 Mb
Release : 1998
Category : Business & Economics
ISBN : STANFORD:36105028771165
Author : Jon Kher Kaw,Hyunji Lee,Sameh Wahba
Publisher : World Bank Publications
Page : 518 pages
File Size : 47,5 Mb
Release : 2020-02-13
Category : Business & Economics
ISBN : 9781464814938
In every city, the urban spaces that form the public realm—ranging from city streets, neighborhood squares, and parks to public facilities such as libraries and markets—account for about one-third of the city’s total land area, on average. Despite this significance, the potential for these public-space assets—typically owned and managed by local governments—to transform urban life and city functioning is often overlooked for many reasons: other pressing city priorities arising from rapid urbanization, poor urban planning, and financial constraints. The resulting degradation of public spaces into congested, vehicle-centric, and polluted places often becomes a liability, creating a downward spiral that leads to a continuous drain on public resources and exacerbating various city problems. In contrast, the cities that invest in the creation of human-centered, environmentally sustainable, economically vibrant, and socially inclusive places—in partnership with government entities, communities, and other private stakeholders—perform better. They implement smart and sustainable strategies across their public space asset life cycles to yield returns on investment far exceeding monetary costs, ultimately enhancing city livability, resilience, and competitiveness. The Hidden Wealth of Cities: Creating, Financing, and Managing Public Spaces discusses the complexities that surround the creation and management of successful public spaces and draws on the analyses and experiences from city case studies from around the globe. This book identifies—through the lens of asset management—a rich palette of creative and innovative strategies that every city can undertake to plan, finance, and manage both government-owned and privately owned public spaces.
Author : Roy W. Bahl
Publisher : Unknown
Page : 60 pages
File Size : 44,5 Mb
Release : 2015
Category : Municipal finance
ISBN : 1558443835
Metropolitan cities are engines of growth and modernization in developing countries. The challenge is in governing these rapidly growing urban agglomerations and financing the operating costs required to meet the needs of the people and businesses. This report explores metropolitan governance and management approaches and assesses various financing tools, including taxes and user charges. It also explores external financing, such as transfers from higher-level government, borrowing, private-public partnerships, and international assistance.
Author : Marco Kamiya,Le-Yin Zhang
Publisher : UN
Page : 292 pages
File Size : 52,5 Mb
Release : 2016
Category : Political Science
ISBN : UIUC:30112120613606
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.
Author : Loleen Berdahl,Youngman, Loleen,Canada West Foundation
Publisher : Calgary : Canada West Foundation
Page : 12 pages
File Size : 43,7 Mb
Release : 2000
Category : City planning
ISBN : 1895992672
Author : Patricia Clarke Annez
Publisher : World Bank Publications
Page : 30 pages
File Size : 43,8 Mb
Release : 2006
Category : Automobile
ISBN : 8210379456XXX
The author examines the role of private participation in infrastructure (PPI) in mobilizing finance for key urban services, that is, urban roads, municipal solid waste management, and water and sanitation since the early 1990s when private participation came to be seen as a key element in infrastructure development. Her review indicates that for financing urban services, PPI has disappointed-playing a far less significant role than was hoped for, and which might be expected given the attention it has received and continues to receive in strategies to mobilize financing for infrastructure. Looking beyond the number, the author examines transactions and finds that there are good reasons-practical, political, economic and institutional-for these disappointments. Recommending that cities in developing countries try harder is not likely to relieve all these constraints. Experience shows that there are a number of features that raise the risk profile of urban infrastructure for private investors, which has meant that the bulk of the transactions that have taken place have been exceptions rather than harbingers of a growing trend. Many of the measures that could reduce the risk profile are outside the control of many cities, others unlikely to change, and yet another group of steps to be taken that would improve prospects for urban service provision, whether in the hands of public or private operators. These findings suggest a more pragmatic and selective approach to the focus on PPI as a source of finance, and more focus on the array of some of the fundamental steps, among them strengthening the public finances of cities to improve both the capacity to deliver services and to reduce the risks that private investors must take when they invest in urban infrastructure.
Author : Charles L. Marohn, Jr.
Publisher : John Wiley & Sons
Page : 262 pages
File Size : 50,7 Mb
Release : 2019-10-01
Category : Business & Economics
ISBN : 9781119564812
A new way forward for sustainable quality of life in cities of all sizes Strong Towns: A Bottom-Up Revolution to Build American Prosperity is a book of forward-thinking ideas that breaks with modern wisdom to present a new vision of urban development in the United States. Presenting the foundational ideas of the Strong Towns movement he co-founded, Charles Marohn explains why cities of all sizes continue to struggle to meet their basic needs, and reveals the new paradigm that can solve this longstanding problem. Inside, you’ll learn why inducing growth and development has been the conventional response to urban financial struggles—and why it just doesn’t work. New development and high-risk investing don’t generate enough wealth to support itself, and cities continue to struggle. Read this book to find out how cities large and small can focus on bottom-up investments to minimize risk and maximize their ability to strengthen the community financially and improve citizens’ quality of life. Develop in-depth knowledge of the underlying logic behind the “traditional” search for never-ending urban growth Learn practical solutions for ameliorating financial struggles through low-risk investment and a grassroots focus Gain insights and tools that can stop the vicious cycle of budget shortfalls and unexpected downturns Become a part of the Strong Towns revolution by shifting the focus away from top-down growth toward rebuilding American prosperity Strong Towns acknowledges that there is a problem with the American approach to growth and shows community leaders a new way forward. The Strong Towns response is a revolution in how we assemble the places we live.
Author : Enid Slack,Rupak Chattopadhyay
Publisher : McGill-Queen's Press - MQUP
Page : 342 pages
File Size : 55,7 Mb
Release : 2009-11-21
Category : Political Science
ISBN : 9780773576179
Using capital cities in Australia, Belgium, Canada, Ethiopia, Germany, India, Mexico, Nigeria, South Africa, Switzerland, and the United States as case studies, contributors examine federal policies towards capital cities, with a particular emphasis on how capital cities are funded and governed, and the extent to which the federal government compensates them for their unique role.
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher : Unknown
Page : 342 pages
File Size : 51,5 Mb
Release : 1976
Category : Debts, Public
ISBN : UOM:39015076081812
Author : Arturo Ardila-Gomez,Adriana OrtegÃ3n-Sánchez
Publisher : World Bank Publications
Page : 108 pages
File Size : 44,8 Mb
Release : 2015-12-31
Category : Business & Economics
ISBN : 9781464807572
Urban transport systems are essential for economic development and improving citizens' quality of life. To establish high-quality and affordable transport systems, cities must ensure their financial sustainability to fund new investments in infrastructure while also funding maintenance and operation of existing facilities and services. However, many cities in developing countries are stuck in an "underfunding trap" for urban transport, in which large up-front investments are needed for new transport infrastructure that will improve the still small-scale, and perhaps, poor-quality systems, but revenue is insufficient to cover maintenance and operation expenses, let alone new investment projects. The urban transport financing gap in these cities is further widened by the implicit subsidies for the use of private cars, which represent a minority of trips but contribute huge costs in terms of congestion, sprawl, accidents, and pollution. Using an analytical framework based on the concept of "Who Benefits Pays," 24 types of financing instruments are assessed in terms of their social, economic and environmental impacts and their ability to fund urban transport capital investments, operational expenses, and maintenance. Urban transport financing needs to be based on an appropriate mix of complementary financing instruments. In particular for capital investments, a combination of grants †“from multiple levels of government†“ and loans together with investments through public private partnerships could finance large projects that benefit society. Moreover, the property tax emerges as a key financing instrument for capital, operation, and maintenance expenses. By choosing the most appropriate mix of financing instruments and focusing on wise investments, cities can design comprehensive financing for all types of urban transport projects, using multi-level innovative revenue sources that promote efficient pricing schemes, increase overall revenue, strengthen sustainable transport, and cover capital investments, operation, and maintenance for all parts of a public transport system, "from the sidewalk to the subway."
Author : Greg Clark,Tim Moonen,Jake Nunley
Publisher : European Investment Bank
Page : 71 pages
File Size : 46,6 Mb
Release : 2019-11-04
Category : Business & Economics
ISBN : 9789286138973
"City, transformed" has shown how Europe's cities have developed over the last 50 years. The European Investment Bank has adapted alongside them, building a greater, more focused role in urban development that takes it into truly innovative areas. Future cities need to face up to challenges in climate, productivity, knowledge, social mobility and resilience. Here's how the EU bank is setting up to be a partner on that path.
