UN-Habitat Municipal Finance Handbook Advances NUA, SDG 11

Built Environment, News, Universal Design, May 3 2018

INTERNATIONAL: The UN Human Settlements Programme (UN-Habitat) has launched a resource guide on municipal finance, highlighting the importance for implementation of the New Urban Agenda (NUA) and the SDGs, particularly SDG 11 (sustainable cities and communities). The handbook provides city leaders with a range of financing solutions that emphasize sustainability, inclusion and financial autonomy, aiming to contribute to discussions on how cities can finance large capital expenditures, infrastructure maintenance and operation, and public services.

The resource titled, ‘Finance for City Leaders Handbook,’ includes analyses, presentations and training materials, related to challenges posed by rapid urbanization and the financing tools municipalities have at their disposal. The information is presented in an interactive manner for use as a training tool for strengthening municipal finance to facilitate the mainstreaming of such finance into capacity building exercises. The publication stresses that an estimated US$3 trillion to 4 trillion is required annually to achieve the SDGs, and that cities play an important role in closing this financial gap.

The publication includes three sections on: principles of municipal finance; designing financial products; and cross-cutting issues. The first section highlights: tools for raising local revenues; challenges local governments face such as insufficient and unreliable transfers from central government, poor tax collection and weak fiscal management; mechanisms on how to improve outdated governance systems, enhance revenues and build better local financial asset management systems; and fiscal decentralization as an important part of sustainable and autonomous municipal finance.

 

For the full article, visit the source: IISD SDG Knowledge Hub

Re-posted with permission

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