🔴 Policy dialogue: Financing local economic development: challenges from subnational governments

📍 Room: Paris | 💬 Interpretation : English - French - Spanish

Co-organized by UCLG and the UCLG Committee on Local Economic Development

This session will examine the challenges and opportunities in financing local economic development (LED), emphasizing strategies to enhance the financial autonomy of subnational and local governments. It will explore innovative mechanisms such as public-private partnerships, green bonds, and territorial investment funds to diversify financing sources. Through success stories and best practices, participants will discuss how to overcome dependency on intergovernmental transfers and low local tax collection. The session aims to foster collaboration and innovation in financing models to promote inclusive, resilient, and sustainable economic development.