世界银行：2025年解锁国家以下各级财政：克服中低收入国家市政融资障碍报告（英文版）

Municipalities in low- and middle-income countries confront financing needs that greatly exceed available flows. Currently, most investment in municipal infrastructure is financed directly from public fiscal sources, but needs cannot be met by existing public and international development sources alone. Much greater use of private and repayable financing will be required. This report is intended to address this development challenge. It provides a snapshot of repayable finance flows to municipal