Tanzania, Aug. 14 -- Dar es salaam. Local government authorities (LGAs) need to move beyond dependence on government transfers, donor funding and limited own-source revenue if they are to meet growing demands for infrastructure and public services, a new study has found.

The study says innovative financing instruments such as municipal bonds, green bonds, blended finance and public-private financing could give councils additional options for funding development, but warns that access to money alone will not be enough.

Instead, councils need clear regulations, strong internal systems, specialised knowledge and professional financial advice before they can effectively use such instruments.

The findings are contained in a study titled 'In...