This book highlights the need to boost infrastructure investment in cities as also the necessity for fiscal management across all levels of government-within the context of decentralizing service delivery responsibilities. The volume provides case studies reflecting various viewpoints and a range of success and failure stories from five countries. The topics covered include:

- Impact of political and fiscal decentralization
- Limitations on borrowing
- Managing moral hazard
- The role of the financial sector in striking a balance between controls and encouraging the local government to maintain fiscal discipline