MUNICIPAL FINANCE STRATEGIES FOR INDONESIA’S WASTE MANAGEMENT SECTOR
The United Nations Capital Development Fund (UNCDF) acts as a hybrid development organization and finance institution that works to invest in and catalyze capital for projects in developing countries. As part of its efforts to incorporate municipal finance strategies that promote public and private funding to deliver sustainable public services, UNCDF enlisted a Capstone team to develop a municipal finance strategy to fund green city solutions for a waste management system in the Indonesian regency of Banyuwangi. The team conducted a literature review on global best practices for municipal financing, current Indonesian regulations, and fiscal systems related to project financing and waste management practices. The team also conducted interviews with private sector representatives and national and local government agencies to identify gaps and opportunities for locally financing waste management projects. Using this information, the team designed a financial strategy and created a presentation to be used at UNCDF donor meetings and conferences.