UCLG Policy paper on local finance

For UCLG, the promotion of decentralization as a tool for development is crucial. Local finance is instrumental in any decentralization process and therefore a priority for the world organization.This Policy Paper published in 2008 sets out to give voice to a local government vision on financing with particular emphasis on how the relationships between local governments, multilateral organizations and national governments would ultimately shape such a process.It contains an executive summary of the principle findings and recommendations, and a broader technical paper, the UCLG Support Paper on Local Finance.This publication has four key objectives:

• Promoting financial autonomy of local governments;
• Broadening access to finance for local public infrastructure;
• Sharing experiences;
• Advising UCLG members on matters related to municipal resource mobilization.