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Lessons for the Urban Century : Decentralized Urban Infrastructure Finance in the World Bank by Patricia Clarke Annez, Gwénaelle Huet, and George E. Peterson is a nonfiction available to read on EtoBox.

What is Lessons for the Urban Century : Decentralized Urban Infrastructure Finance in the World Bank about?

The world's urban population doubled between 1970 and 2008, growing from 1.5 billion to 3 billion people. Future world population growth will be concentrated in developing countries--the majority in medium-size and smaller cities and towns. International institutions and governments alike face the challenge of efficiently financing the massive investment in infrastructure required to support this urban growth. The Urban Infrastructure Fund (UIF) is a tool designed to meet this need. Responsibility for subproject oversight, credit assessment, financial management reform, and other critical tasks is delegated to the UIF, rather than performed directly by an institution like the World Bank. Lessons from the Urban Century examines the track record of the UIFs and what can be learned from almost 30 years experience in implementation. The authors find that, on balance, UIFs have performed well. Paradoxically, their use has declined as demand for decentralized financing has escalated. The book considers the reasons for this decline and recommends its reversal. One of the virtues of UIFs has been their flexibility. They can be adapted to incorporate alternative types of performance incenti

Who reads Lessons for the Urban Century : Decentralized Urban Infrastructure Finance in the World Bank?

Author

Patricia Clarke Annez, Gwénaelle Huet, and George E. Peterson

Publisher

World Bank Publications

Published

2008

Language

EN

ISBN

9786611744670

Category

nonfiction

Subjects

Economics, Business, Finance