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Financing Policy Brief Series: Recommendations for FfD4: Local Finance is Development Finance

Tools

To effectively implement the 2030 Agenda and its Sustainable Development Goals, it is essential to support the development of national policies and devise solutions that enhance the role and capacities of local and regional governments. Strengthening their public financial management practices, institutional frameworks and technical capacities on financing can significantly improve local service delivery, infrastructure management and private investment, and enhance local economic development. This can be achieved by developing and delivering comprehensive institutional and capacity strengthening programmes, facilitating exchange and learning and providing resources for best practices, as well as improving access to data that informs decision-making processes. A critical component of this effort is strengthening financial systems and capacities at the local level within an integrated approach to financing.

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