Question 1: What challenges are local urban authorities facing to mobilize financial resources for urban development in developing countries? What are some solutions to these challenges?
Local authorities all over the world are playing an increasingly important role in the delivery of fundamental basic public services. But they are also facing huge challenges, in particular the widening gap between the availability of financial resources and municipal expenditure needs. Local authorities in many developing countries, cities and towns could generate increased revenue from local revenue sources by improving the efficiency of revenue generation and by implementing innovative, revenue-generating mechanisms. Sufficient financial resources to deliver better urban services and implement planned city extensions can also be generated by introducing more responsive and accountable governance practices. Please share your experiences and/or examples of some solutions to these challenges below.