‘Key finance mechanisms are available to deliver sustainable urbanisation’ – new working paper

A new Global Review of Finance For Sustainable Urban Infrastructure working paper has been released by the Coalition for Urban Transitions. The paper, authored by LSE Cities and PwC, finds that key finance mechanisms required to plug an estimated annual global infrastructure investment deficit of US$1 trillion may already be under national government control. The paper finds that transforming national urban financial systems can enable growth and sustainable development if national policymakers overcome significant investment, regulatory and institutional barriers, including lack of upfront public capital, lack of institutional capacity, institutional inertia, high perceived risk and low perceived returns, and imperfect information.