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Local governments are now on the frontline of infrastructure delivery — but how can they unlock the capital they need?
From municipalities and state-owned enterprises (SOEs) to other subnational authorities, local governments are increasingly shaping community-level PPPs in emerging markets. Yet limited creditworthiness, fragmented revenues, and fiscal and FX risks continue to hold back private investment.
Blended finance is changing the equation. By combining concessional funding, guarantees, and risk-sharing tools with municipal financing, subnational authorities can build scalable, bankable PPP programmes that crowd in both local and international capital.
Drawing on insights from the June 2025 WAPPP webinar and real-world case studies from Convergence, Balibago Waterworks System, and São Paulo Parcerias, this policy brief unpacks what works, what doesn’t, and what’s next for local government–led PPPs.
Read the full policy brief to explore practical pathways for unlocking investment and delivering infrastructure that serves local priorities.
Local governments are now on the frontline of infrastructure delivery — but how can they unlock the capital they need?
From municipalities and state-owned enterprises (SOEs) to other subnational authorities, local governments are increasingly shaping community-level PPPs in emerging markets. Yet limited creditworthiness, fragmented revenues, and fiscal and FX risks continue to hold back private investment.
Blended finance is changing the equation. By combining concessional funding, guarantees, and risk-sharing tools with municipal financing, subnational authorities can build scalable, bankable PPP programmes that crowd in both local and international capital.
Drawing on insights from the June 2025 WAPPP webinar and real-world case studies from Convergence, Balibago Waterworks System, and São Paulo Parcerias, this policy brief unpacks what works, what doesn’t, and what’s next for local government–led PPPs.
Read the full policy brief to explore practical pathways for unlocking investment and delivering infrastructure that serves local priorities.
