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Local Government Units` Access to the Private Capital Markets

The devolution of functions and responsibilities to LGUs has translated to the expectations of an improved delivery of public goods and services. However, LGU funding, mainly coming from the national government, loans from the government-owned financial institutions and Municipal Development Fund, have not been sufficient to meet the LGU requirement. This study provides results and analyses that can assist the government in developing a policy and institutional framework for the establishment of a municipal credit system well participated by the private sector.


This publication has been cited time(s).

  1. Freire, Mila et. al, 2004 "Subnational capital markets in developing countries: From theory to practice" , The World Bank Group

  2. Bautista, Romeo M. and Mario B. Lamberte, 1996 "The Philippines: Economic developments and prospects" , Asia Pacific School of Economics and Government, The Australian National University

  3. Manasan, Rosario G., 2007 "Local public finance in the Philippines: Lessons in autonomy and accountability" , Philippine Institute for Development Studies