• Report

Building the municipal credit market for infrastructure finance: The legal framework

Citation

DeAngelis, M., Johnson, R., & Kaczmarski, C. (2002). Building the municipal credit market for infrastructure finance: The legal framework. Unknown Publisher.

Abstract

This report presents findings and recommendations for improving the legal framework for municipal credit market development in Bulgaria. It is based upon
a review of existing legislation and field work (including consultations with major
stakeholders from both the public and private sectors) conducted during August
2002 by a municipal credit development team commissioned by the Research
Triangle Institute under the LGI technical assistance program. The report takes
account of the similar work completed toward the end of 1999, but concentrates
on assessing the most feasible options for enhancing the policy and legal
framework in line with the rapidly progressing fiscal decentralization process,
which is presently being implemented by the Government of Bulgaria.