Details

Technical Note

Educator Copy

Understanding the Preconditions of Municipal Bonds and Learning from The Indian Experience

Bushra Naqvi


INDUSTRY :

AREA : Finance

ORGANIZATION :

LENGTH : 12

LUMS No : 02-608-2015-2

PUBLICATION YEAR : 2015

DESCRIPTION

KEYWORDS:

Municipal Bonds,Learning from Indian Experience,General Pre-Conditions,Legislative Powers,Assets of Local Governments,Revenues,Financial Management Expertise,Developed Bond Market,Framework for Assesment,Institutionalisation of Public-Private Partnership,Operational Efficiency,Stages,Sudden Halt,Lesson Learnt


DESCRIPTION:

This note documents the pre-conditions, extracted from the experiences of developing countries, which generally exist prior when a local government plans to access the capital market. It discusses the case of the municipal bond market in India and aims to provide readers an opportunity to relate the experience of India with the development of the municipal bond market in Pakistan.


LEARNING OBJECTIVES:


SUBJECTS COVERED:

Finance