Abstract
The scale and ambition of the Sustainable
Development Goals (SDGs) create a challenge to
transform the way in which urban development is
funded, managed and delivered. Estimates suggest
that low- and lower-middle-income countries may
need to increase public and private expenditure by
over US$1 trillion per year to achieve the SDGs. While
much international debate is focused on reforms to
the development finance system to respond to the
SDGs, this paper explores the potential contribution
of local-level finance to delivering inclusive change
at the grassroots. Drawing from a broad base of
literature, the paper examines the opportunities
and the challenges of including local-level finance,
and the capacity offered by organised low-income
communities, alongside mainstream public and
development funding and delivery.
Development Goals (SDGs) create a challenge to
transform the way in which urban development is
funded, managed and delivered. Estimates suggest
that low- and lower-middle-income countries may
need to increase public and private expenditure by
over US$1 trillion per year to achieve the SDGs. While
much international debate is focused on reforms to
the development finance system to respond to the
SDGs, this paper explores the potential contribution
of local-level finance to delivering inclusive change
at the grassroots. Drawing from a broad base of
literature, the paper examines the opportunities
and the challenges of including local-level finance,
and the capacity offered by organised low-income
communities, alongside mainstream public and
development funding and delivery.
| Original language | English |
|---|---|
| Place of Publication | London |
| Publisher | International Institute for Environment and Development |
| Number of pages | 56 |
| ISBN (Print) | 978-1-78431-429-3 |
| Publication status | Published - 2017 |
Keywords
- Financing for development
- Social movements
- Innovative finance
- Social capital
- Informal settlements (slums)