This case study covers a sequence of technical assistance interventions by development partners between 2009 and 2014 designed to strengthen the financial management of the City of Dakar and raise financing for municipal infrastructure projects. This illustrates a number of distinctive and instructive features, even though the planned municipal bond issue was aborted shortly before it was due to be launched in early 2015 because of political opposition from the central government.
Case study: Dakar Municipal Bond
This work was carried out under the Infrastructure and Cities for Economic Development (ICED) facility.
ICED supported DFID country offices, central teams and ODA-spending Other Government Departments to deliver DFID’s Economic Development Strategy by scaling up programming and investment in infrastructure and cities. It operated between February 2016 and July 2019.
