Financial instruments

The Global Observatory on Local Finance hosted a cross-cutting study, launched by UCLG Committee on Local Finance for Development, to improve and fine-tune its advocacy on local finance in preparation for Habitat III and Financing for Development follow-up meetings.

The conditions for the mobilization of local resources for sustainable urban development

This study aims at analyzing the triggering factors of success of public policies dedicated to financing urban development, with a focus by territory on the main financing sources of local governments:

Local taxes
Land Valuation
External Resources

The study of each of the components above-mentioned proceeded along the same methodology, starting with a literature review aiming at bringing out the key issues, based on well-documented examples of cities and countries.

During a first phase each expert produced preliminary versions of their reports highlighting the main conditions for mobilizing effectively and efficiently each financial instrument.

  • Land and real estate valuation, by David Albrecht, with the contribution of Vincent Renard and Claude de Miras
  • Access to long-term external resources, by Matthieu Collette
  • Local finance and recurrent local revenue, by Guy Gilbert

The study is coordinated under the supervision of a steering committee made of a team of experts, international financial and technical partners: the French Development Agency and the French Ministry of Foreign Affairs.

In this webpage, you will find Thirty (30) financial instruments also available in the world map “Observatory - Case studies” 

Soon, six (6) in-depth case studies will also be published together with a final report on The conditions for the mobilization of local resources for sustainable urban development