The Economic Challenges of Phase 3 of Decentralization: The Issue of Financing examines the financing of decentralization in Senegal. Drawing on a case study, the author outlines new approaches that show local governments ways and means to secure the resources needed to fund their activities. Ousmane Thiam emphasizes opening capital markets to local governments, bank financing, and investment in profitable projects that promote sustainable development. He also discusses citizen participation, a new form of decision-making process that involves the public in matters that concern them.
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