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Innovative financing boosts local development

A successful international conference on the topic of “Innovative and sustainable financial instruments for local governments” was organized from the 21st to 23rd of October 2019 in Lisbon. This 3rd international event was part of the project “RECOV - REthinking Collaborative Values for public services”. 

Different approaches to Innovative Financing for Sustainable Local Development were presented during the public event which gathered around 100 participants representing local authorities and civil society organizations. A field trip on the topic was organized in order to present a concrete case study on public financing. Public financing remains vital for local sustainable development, especially to meet the needs of the of vulnerable population.

Innovative finance tools require efficient institutions and financial expertise as well as networking among international partners.

The project partners had the opportunity to share their experience presenting their one innovative financial instruments, and to discuss innovative ideas regarding future common projects.

The Conference was organized by the Clube Intercultural Europeu, Amadora – Portugal. RECOV: Rethinking collaborative values for public services is a 2-year-long project coordinated by European Association for Local Democracy - ALDA. The lead partner of the project is Municipality of Centar. The project is supported by Europe for Citizens Programme. 


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