Local Economic And Employment Developmen

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.

Foreword Acknowledgements Preface I. Overview: Why Local Development Financeoe II. What are the Financial Tools and Innovations in Local Developmentoe -1. Overview -2. Local Governments -3. National Initiatives -4. Development Agencies, Development Banks, and Regional Funds -5. International Financial Institutions -6. Foundations and NGOs -7. Commercial Banks and Investors III. What Principles Should Govern How We Finance Local Developments in the Futureoe IV. What are the Key Elements of an Investment Strategy for Local Developmentoe Bibliography Annex A. Key to the Case Studies