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by Portal Web Editor last modified Jan 10, 2013 12:46 PM
Contributors: George E. Peterson, Priscilla M. Phelps
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By George E. Peterson and Priscilla M. Phelps April 1997 Revised May 1997 For USAID/South Africa Joel Kolker, COTR This report examines the current and potential role of the municipal credit market in helping finance the investment needs of South Africa’s local authorities. At present, private suppliers of credit are largely unwilling to lend to local authorities because of the uncertainty surrounding municipal finances. It will be necessary, however, for local authorities to attract large volumes of municipal credit if South Africa is to meet its local infrastructure investment objectives. The report weighs current obstacles to municipal credit market development and recommends a strategy for using the United States Agency for International Development (USAID) Housing Guaranty Program to enhance municipal credit market growth. Region: Africa Task order: South Africa Urban Environmental Infrastructure Financing Review Technical area: Environmental Financing

Author(s): George E. Peterson , Priscilla M. Phelps

Location: South Africa

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