Welcome to the Course!
Municipalities are crucial in driving local development, delivering essential services, and fostering community well-being. However, despite their significance, many municipalities in Eastern Partnership countries (EaP) – made up of Armenia, Azerbaijan, Georgia, Moldova, and Ukraine – face challenges in accessing the funding and finance needed to deliver infrastructure projects and sustainable development initiatives. The guidance will provide participants with an overview of the funding and finance landscape for municipalities, focusing on enabling conditions for attracting finance. It will also cover practical ways municipalities can improve these conditions at a local level for their projects.
The course aims to address and respond to the challenges faced by municipalities in accessing the funding and finance needed to deliver infrastructure projects and sustainable development initiatives.
The course will address the challenges of main revenue sources for municipalities, common bottlenecks to accessing funding and finance at a local level, and provide a foreseen solution, better understanding of the enabling conditions to improve access to funding and finance at the municipality level and identification of practical ways to do so.
What is this course about?
This course provides an overview of different types of revenue sources available to municipalities, such as local taxes, fees, grants, and external funding from donors or investors.
The course provides a range of opportunities to learn; from bite-sized content to interactive quizzes and activities to help you to apply these new learnings to your context.
What can I expect to gain from the course?
A better understanding of the enabling conditions to improve access to funding and finance at the municipality level and identification of practical ways to do so.
Learning objectives
• Understand the principles and concepts of municipal finance,
• Analyze different sources of municipal revenue,
• Identify key bottlenecks in accessing funding and finance,
• Explore tools and techniques to access more funding,
• Gain knowledge from real-world municipal finance examples, using case studies and practical examples of municipal finance issues and best practices.
• Knowledge testing:
• A workshop exercise,
• A quiz to test your understanding.
It is advised that the information provided in this guidance is considered part of the development of the Pathways for Economic Growth (P4EG) within your town or city.
How is this course structured?
The deep-dive course on Funding and Finance for municipalities consists of four modules; each module is designed to complement and extend the previous one.
The first module, “Understanding the Context and the Challenges,” will unpack the municipalities' role in mobilizing funds and the available instruments to mobilize funds and resources.
The second module, “Spotlight on Improved Project Selection,” will guide how municipalities can improve the viability of their projects and align them with investor interests.
The third module “Spotlight on Improving Local Revenue Generation” will unpack a few key instruments and best practices to enhance local revenue generation.
The fourth module “Spotlight on Successful Delivery of a Project (Funding Absorption)” will unpack a few tools and approaches that can help you achieve project delivery within budget and time.
Contact us!
UNDP Istanbul Regional Hub
[email protected] / [email protected]/ [email protected]European Commission, DG NEAR
This course has been co-created for the Urban Learning Center and the M4EG by Arup, Climate-KIC, TalTech and UNDP.