Policy Brief #03: Financing Emergencies in Cities and Regions: Ongoing Lessons from the Pandemic
Date of publication
Topic
Metropolitan Governance
Public finance
Type of resources
Policy Brief
This document presents an analysis of the main trends that have been developed in subnational finance during the COVID-19 emergency. Furthermore, it outlines lessons that could be taken up at various levels of government to improve the financial response of cities and regions during future emergencies.
The current pandemic is a reminder that the localisation of financing is instrumental to achieve global development agendas. Adequate funding is key for cities and regions to provide an immediate response to their communities while paving the way for sustainable and inclusive development. Yet, worldwide, local and regional governments only account for 24% of total public spending, a small share that hides disparities between different income countries.
This Policy Brief is part of the Emergency Governance Initiative (EGI) led by Metropolis, United Cities and Local Governments (UCLG) and LSE Cities at the London School of Economics and Political Science. This initiative investigates the institutional dimensions of rapid and radical action in response to global emergencies.
The current pandemic is a reminder that the localisation of financing is instrumental to achieve global development agendas. Adequate funding is key for cities and regions to provide an immediate response to their communities while paving the way for sustainable and inclusive development. Yet, worldwide, local and regional governments only account for 24% of total public spending, a small share that hides disparities between different income countries.
This Policy Brief is part of the Emergency Governance Initiative (EGI) led by Metropolis, United Cities and Local Governments (UCLG) and LSE Cities at the London School of Economics and Political Science. This initiative investigates the institutional dimensions of rapid and radical action in response to global emergencies.
