Financing Local and Regional Governments: Towards a Project of Global Observatory of Local Finances

  • Date: 15 July 2015, 6:15pm - 7:45pm
  • Location: Elilly Classic Hall

Organised by

Committee on Local Finance for Development of United Cities and Local Governments (UCLG)

Summary

The range of instruments available to get a better knowledge of the financial health of local governments is very limited. Numerous initiatives are under way, but they don’t give a global vision of the state of local finances worldwide. Many countries do not even have their own national reporting system. Such national system would allow, on the one hand, a framework for dialogue between various levels of government, and, on the other hand, a way of ensuring the follow-up of local and territorial development.
UCLG, through its Committee on Local Finance for Development, has launched, together with the OECD and French Development Agency, a study aiming at bringing to light the main financial indicators related to local governments in 80 countries worldwide.
This session offers a global overview of other initiatives under way, with the aim of thinking about drafting a roadmap that will allow methodology and information gaps to be addressed, towards the creation of a common tool for the follow-up of fiscal decentralization. The panel will try to express potential synergies that could be found in order to build such a tool that will be crucial for the follow-up of the post-2015 development agenda.

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