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Sub-national Finance, Reform and Sustainability

Description:  Decentralization has granted subnational governments in developing countries spending, taxation and borrowing power. Thus, subnational finance’s reform and sustainability are essential for growth and service delivery.  This course focuses on the financing side of the subnational fiscal system such as:

  • challenges and cutting-edge issues concerning the subnational taxation system;
  • fiscal transfers;
  • regulatory frameworks for subnational borrowing; and
  • how subnational finance sustainability relates to a country’s  evolving intergovernmental fiscal system and financial market structure.

Objectives: At the end of this course, participants will understand:

  • the subnational fiscal sustainability framework for analyzing key components of subnational fiscal accounts and how they relate to reforms, uncertainties, and shocks;
  • the design and implementation of subnational taxation systems, and their challenges;
  • fiscal transfer, grant systems, and their challenges in addressing incentives and accountability;
  • the ex-ante legislative framework for subnational fiscal discipline; and
  • subnational insolvency mechanisms for ex-post debt workout and restructuring, and their central features and variations across countries in resolving subnational financial distress.

Last updated: 2008-04-08

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