Overview
The rapid urbanization in developing countries poses a multifaceted challenge, straining the capabilities of subnational and local governments (LGs) to deliver essential services and infrastructure. LGs in these countries encounter barriers that hinder their access to capital financing. United Nations Capital Development Fund’s (UNCDF) Local Transformative Finance Practice (LTFP), as the UN Sub-National Finance Hub, prioritizes finance gaps in smaller cities and non-sovereign entities.