Finance for City Leaders Handbook has recently been published by UN-Habitat in Nairobi, Kenya. Lars M Andersson, together with Pavel Kochanov, is the author of a chapter on Pooled Financing Mechanisms. Pavel Kochanov is a senior subnational specialist at the International Finance Corporation (IFC). His primary area of expertise is credit and governance risks of subsovereign government entities globally. Pavel holds a Ph.D. in economics from Moscow State University.
The chapter written by Andersson and Kochanov is introduced as follows in the book: “Chapter 6, by Lars M. Andersson and Pavel Kochanov, discusses pooled financing mechanisms in which a group of municipalities aggregate their borrowing needs and raise their total financing needs together on the capital market. The authors argue that this form of raising capital is especially important for small to medium-sized cities to be able to access long-term and fairly priced debt.”
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