Creating the Local Financing Framework...

This document is aimed at providing a policy framework and recommendations for national governments and their development partners to assess and consider support to Subnational Pooled Financing Mechanisms (“SPFMs”). SPFMs have a documented successful track record in providing long-term cost-effective private finance from both banks and bond issues to fund essential infrastructure and public services provided at the subnational level, in eveloped, emerging and developing countries’ contexts.