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Community Currencies as means of Local Economic Empowerment

Case studies and best practices

Community currencies have emerged as a tool for building more inclusive local economic development and governance. Grassroots organisations in Nairobi and Mombasa (Kenya) have been experimenting with this form of local monies. Communities in informal settlements in Kisumu have shown interest in introducing their own community currency. Challenges remain concerning the best diffusion strategy of such grassroots monetary innovations among communities and local governments. This policy brief focuses on how to involve residents, civil society, small entrepreneurs as well as local government officers and politicians so as to increase local representation and participation in this grassroots innovation.

Related Publications

Local and regional economic development (LRED) toolkit: A Participatory Approach for Building Sustainable Local Economies

Available in English

The Toolkit starts by providing an overview of the essential characteristics of the approach and placing it in the context of the concept of systemic competitiveness and green growth. Chapter 2 discus...

Developed by Deutsche Gesellschaft für Internationale...

Posted by Local2030

Guidance and systemization of experiences

Gender Mainstreaming in Local Economic Development Strategies : A guide

Available in English

The guide aims to help LED practitioners to identify and address the need and priorities of women and men, engaging them in every stage of the LED process. The document explains the importance of gend...

Developed by International Labour Organization (ILO)

Posted by Local2030

Guidance and systemization of experiences

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