Archived Webinar

Grant Financing of Metropolitan Areas: Principles and Practices

In the new information age in the globalized and interconnected world, metropolitan areas hold the key to the future prosperity and growth of nations. This presentation takes a closer look at grant-financing regimes faced by metropolitan areas and their role in facilitating or hindering improvements in economic and social outcomes of residents of metropolitan areas. A review of 42 large metropolitan areas worldwide shows that, with a few notable exceptions, metropolitan areas in general are hamstrung from playing their potential role in economic advancement. Metro areas have large economic bases and therefore little a priori needs for grant financing, yet they have strong dependence on central transfers. This is because of the highly constrained fiscal autonomy given to these areas, especially in developing countries, with the singular exception of metro areas in China. Such a strong reliance on transfers undermines local autonomy and local accountability. General purpose transfers are formula based, transparent and predictable yet they discriminate against metropolitan areas as they utilize a one size fit all (common formula) for all local governments – large or small. Such formula typically incorporate equal per jurisdiction component that discriminates against large metropolitan areas. Compactness is rarely rewarded and the greater needs of metro areas for transportation, education, health, culture and welfare go unrecognized. Overall the emphasis in grant financing of metro areas deals with vertical fiscal gaps or project based specific purpose grants.

About the Presenters

Anwar Shah

Target Audience

Governance professionals, Urban professionals

Questions Submitted

DR. YOGENDRA NATH

- May 11, 2021
Informative.

MOHAMMAD

- Jan 29, 2021
Great!

Anvar

- Mar 29, 2020
Interesting!

Anvar

- Mar 29, 2020
Interesting!

Joy Mildred Adhiambo

- Dec 17, 2019
Grant Financing of Metropolitan Areas: Principles and Practices

Waqar

- Oct 17, 2019
Good webinar

Vedat

- Aug 10, 2019
Principles and Practices

Waqar Aamir

- Jun 3, 2019
Great

Jafar

- Mar 31, 2019
Topik Sangat Menarik

Ki

- Jun 27, 2018
great!
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