Strengthening Municipal Finance and Solid Waste Management Services with Results-Based Financing Approaches : Experiences from South Asia
From the near twenty million metropolitan city of Karachi, in Pakistan to the 400,000 person city of Pokhara, in Nepal, mayors and decisions makers are struggling to raise financing for capital investments in their cities that could deliver improve...
| Main Author: | |
|---|---|
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/317001589458242510/Strengthening-Municipal-Finance-and-Solid-Waste-Management-Services-with-Results-based-Financing-Approaches-Experiences-from-South-Asia http://hdl.handle.net/10986/33783 |
| Summary: | From the near twenty million
metropolitan city of Karachi, in Pakistan to the 400,000
person city of Pokhara, in Nepal, mayors and decisions
makers are struggling to raise financing for capital
investments in their cities that could deliver improved
services to their communities, with the key priority being
the solid waste management (SWM) services. The municipal
finance (MuFi) challenge is common among metropolitan or
secondary cities in less developed countries and is
associated with their limited capacity to address a range of
issues. Solid waste management is a primary sector that
suffers from ineffective municipal financing. Municipal
financing is the backbone of waste management. Results-based
approaches can benefit the SWM sector by ensuring that funds
are used efficiently and transparently to produce verified
results. Result-based financing (RBF) is an umbrella term
for financing models that disburse funds only after
measurable, pre-agreed results have been achieved and
verified. As cities and municipalities have great variation
in their practices, problems and capacities, SWM projects
should focus on a set of results tailored to
context-specific needs, with service providers and
municipalities deciding which service-delivery models can
best achieve results locally.While the design of RBF schemes
should always be informed by the local institutional and
financial context and could be structured in a diverse way
to meet the objectives of each operation, there are some key
lessons learned from global experiences regarding the
general design of RBF schemes and municipal financing. This
report focuses on the features of RBF schemes in Pakistan
and Nepal. |
|---|