Subnational governments in Asia and the Pacific are key providers of the public services and infrastructure required to achieve the Sustainable Development Goals. Given this role, it is essential that policymakers and development partners understand and support the effective functioning of...

Introduction -- Key players -- Budgeting -- Onlending arrangements -- Foreign exchange and interest rate risks -- Funds flow arrangements -- Accounting and reporting --Auditing arrangements -- Summary of risks and issues, and proposed mitigating actions and improvements