Sub-national borrowings
Borrowing by sub-national governments, parastatals, municipalities and other government agencies to finance service provision is growing in many developing countries so designing and implementing subnational government debt strategies is important. For more background on these issues, please see Fiscal Sustainability of Debt.
For an overview of the methodology development by DFI and CEMLA for analysing subnational debt, please see publication Public Finance Sustainability in Subnational Governments.
