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Guidelines on Local Government Borrowing and Recent Developments in NALAS Countries

The “Guidelines on Local Government Borrowing and Recent Developments in NALAS Countries” are published. The Guidelines were designed within the NALAS Task Force for Fiscal Decentralization and supported by the Open Regional Fund for South East Europe of the German Agency for Technical Support (GIZ).

This document intends to share best experiences available in the region of South East Europe in debt financing and managing complex capital investment projects, and thus support capacity development of both advanced and less advanced local governments. Improved information is intended also to lead to proposals for changes in laws and regulations that are restricting local borrowing in some countries of the NALAS members.

Local Government Borrowing Questionnaire (.doc)