Investments in health and education are vital in reducing inequalities of opportunity and outcome, developing a country's human capital and improving lives, all of which contribute to broader economic benefits. Subnational finance has an important role to play in addressing the challenges of...

In 2015, leaders of all countries committed to "eradicate extreme poverty for all people everywhere" by 2030. In the past 25 years, the world has managed to halve the number of people living in extreme poverty (World Bank, 2015). Yet despite this progress, at least 400 million people will still...