With 66{8329e18b624a8fd5a4b689a07e25caee703f6d89935dc6defcf4bb6f2f2eecff} of the world’s population expected to live in cities by 2050 how will the world pay for the
increasing demand of quality urban services? In most developed countries, local governments have been the main contributors in terms of public investment for local infrastructures. In developing and least developed countries, the fast-paced urbanization process has led to an increasing demand for basic services that is most often not matched by adequate financing.