An important step in the creation of a new local government funding agency (LGFA) in France has been taken today (Sept 20, 2011). The political leadership of the French local authorities’ organisations* took the decision to, on the basis of the report submitted by the advisory group**, to initiate the formation of a French LGFA and immediately start the process of passing a law governing the LGFA in the parliament.
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* Association des Maires de France, Association de Maires de Grand villes, Association des Communautés Urbaines de France, Assemblée des Communautés de France, Association des Regions de France, Assemblé des Departements de France and Association Finances Gestion Evaluation des colletivités territoriales
** Natixis, HSBC, Ernst & Young, Wilkie Farr & Gallagher and Mårten Andersson Productions