The Lincoln Institue of Land Policy and the United Nations found common ground and agreed to build a global municipal fiscal database.
They’ve signed an agreement to build a database that aims to improve sustainable urbanization and make cities more safe, resilient, and sustainable by giving transparency and access to municipal fiscal data.
Joan Clos, the executive director of UN’s Human Settlements Programme, stated the importance of planning municipal fiscal data and emphasized the importance of a three-step approach to investing in urbanization. This three-step approach to investing links planning, finance, and legal frameworks.
Joan stated that these frameworks are crucial to future development and responsible investing in urbanization, which should work in synergy with the development policies.
The plan is to increase access to financial data and provide online accessible resources to city leaders, academics, private investors, and others. This database of municipal financials should help improve further planning and interventions of city finances before they eat into the system of public services.
This database and agenda can also be used to support research and investment planning for future projects. With transparent financial data and investment breakdown, professionals will be able to better plan investments in urban areas and economic developments.
The test database will cover cities in Asia, Latin America, and Africa.
