AFRICAN CITIES DEVELOPMENT FUND

• 47910 - Retail sale via mail order houses or via Internet

The African Cities Development Fund will have a dual role; to sell the destination of African local governments to investors; and to prepare the capacity for absorption and debt management of these local governments... The African Cities Development Fund should enable local governments, or national institutions specializing in granting loans to the local governments, to borrow over a term of 7 to 15 years to finance development projects... Local authorities around the world face considerable problems financing services and infrastructure projects. States are cutting grants and it is hard to access cost-efficient funding through the commercial banks. One decentralised alternative is a model in which the local authorities join their forces to raise capital in the international markets. These Local Government Funding Agencies (LGFA), also known as ‘Local Government Collective Agency' or 'Municipal Bond Bank', have proved effective in a number of countries, and the idea is spreading...

Also known as: MA PRODUCTIONS LTD

Registration numbers: 14622021 (CH)

Primary location: Stockholm Sweden