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
The volume brings out several infrastructure financing options based on country experiences and new possibilities...The book is interesting not only in terms of wide country experiences but also the rich policy options it has unravelled both from successes and failures.
(Margin―The Journal of Applied Economic Research)
The book has been solely written...to motivate countries and cities to think about mobilising resources for capital investments from private and banking sector to boost infrastructure development.
(Economic & Political Weekly)
This book provides a dispassionate account of the apathy, disinterest and decay of finances and governance of urban India.... Amid all this negativism, is there hope? The answer is a considered “yes”. And that is why this book is a “must read” for all urban aficionados. Data, case studies and illustrations of positive energy to get the urban show going from countries as diverse as Brazil, China, Poland and South Africa provide lessons for India.
(The Business Standard)
It is a good reference book for academics, consultants and financial experts interested in the field of financing urban infrastructure.
(The Hindu)
It is a must read for those working in the fields of urban planning, public finance, policy makers and researchers.
(Sahara Times)