In a devolved country, adequate and timely intergovernmental financial transfers are often critical to the ability of subnational governments to operate effectively and deliver public services. A well-designed intergovernmental transfer system, when accompanied with sufficient […]
The World Bank Group published a guidebook for practitioners to promote policy actions that strengthen competitiveness at the subnational level. This guidebook introduces Subnational Competitiveness Grants (SCGs) as an innovative approach in which well-tested tools […]
Accounting for almost 60% of public investment and 40% of public expenditure in OECD countries, regional and local governments, who have jurisdiction over key policy areas relevant to the green transition such as land-use planning, […]
The Local Transformative Finance team at United Nations Capital Development Fund (UNCDF) recently released a book titled Local Government Finance is Development Finance. This book highlights the partnership, policy and investment agenda of UNCDF in […]
The management of public investments at the subnational level is an important part of public sector finance and subnational financial management for two reasons. First, the fiscal space that countries have available to allocate to […]
The Public Expenditure and Financial Accountability (PEFA) program was initiated in 2001 by seven international development partners to harmonize the assessment of public financial management (PFM) systems across the partner organizations. Since 2001, the PEFA […]
On 17th of June 2019, the first International Conference of the World Observatory on Subnational Government Finance and Investment (SNG WOFI) took place in Paris. The Observatory is a joint initiative of the OECD and […]
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