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The publication is also available in the following languages:
  • Basic Principles of Local Government Borrowing
    • Background, Issues and Challenges
    • How to Finance Capital Items? Current Revenue or Debt Financing?
    • Debt Management
  • What to consider in the national legislation?
    • General Financial Framework of the local governments in the region
    • Municipal Authority to Borrow
    • Borrowing provisions
    • Local debt guarantees and pledges
  • Which debt instrument is suitable?
    • Bank Loans
    • National and international development program loans
    • Municipal Bonds
  • Local Government's Creditworthiness Assessment
    • Economic Risk
    • Political Risk
    • Financial Risk
    • Determining Local Government Borrowing Capacity
    • Local Government Debt Statistics in South East Europe
  • Improving Financial Management Performance
    • Sound Financial Management for Improving Creditworthiness
    • Credit Rating
  • How to find and select the lender
    • Financial institutions specialized in lending to local governments
    • How could local governments increase their chances to borrow
    • How to develop the tender documentation for a loan
    • Securing liquidity for EU-funded projects' implementation
  • How to manage the credit?
    • Types of loans and their recommended uses
    • Debt management practices and recommendations
  • How local government associations can help improve the local debt legislation and credit market
    • In relation to lenders
    • In relation to member local governments
    • IIn relation to central governments
    • In relation to Parliaments
    • In relation to donors and international financial institutions
  • Glossary
Local borrowing case-studies
General financial framework of local
Local governments' creditworthiness
Local borrowing guide in different NALAS languages
Member associations' initiatives
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