Investment Strategies and Financial Tools for Local Development
Global opportunities for cities and localities have led to a renewed impetus for new financial tools. Addressing how public assets can be better used to generate private co-investment (rather than just sold for a once only ‘current value’ price) is now the new mind-set, and thinking about the organisational vehicles needed at local and regional levels to promote financial innovation has moved on. This book provides a comprehensive overview of financial instruments and investment strategies being implemented throughout OECD Member and non-Member countries. It highlights effective tools, explores the roles and responsibilities of governments, public agencies and inter-governmental organisations. The lessons from this book are essential reading for policy makers, practitioners and all actors involved in delivering local development.
Also available in: Spanish
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What are the key elements of an Investment Strategy for Local Development?
We observed earlier that the key to making long term progress on local development is the building of collaboration with private sector to make reinvestment more sustainable. Following our review of innovative local development finance initiatives, we can identify now what local development practitioners can do to attract new sources of finance and to shift from an ‘expenditure’ to an ‘investment’ based approach to financing local development.
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