ELTI-CDLF Municipal Finance Brochure

Theme & Agenda  Presentations   Conclusions   Keynote Speech   Press Release

In today’s world of continual changes and disruption, local authorities around the world have an increasingly important role to carry on relating with the provision of public services. In their agenda, they deal with great challenges as a result of their cities growing larger, thus straining basic infrastructure, coupled with the impact of natural disasters and other events linked to climate change. Meanwhile, the financial disruption brought about by the pandemic outburst and continuous ongoing geopolitical matters have also intensified these challenges.

Local authorities are confronted with profound economic challenges that circle the main issue in hand; notably the widening gap between the availability of financial resources and their growing needs.

Still, proper planning and financing systems are reasons for local governments to be optimistic as they offer opportunities for matching their needs with investment financing frameworks and tools.

In this workshop, we will share experiences and aim to identify successful financing mechanisms that allow municipalities to make strategic investments in their cities, support economic growth and social cohesion, and thus create confidence for better days ahead.

The workshop will be organised in two parts:

PART 1 - Understanding the local governments’ perspective and the challenges in backing their strategic public investments

- The finance dimension with a focus on a metropolitan area – Mayor of Athens, shared the experience of the largest metropolitan city in Greece
- Let’s consider size: How can non – metropolitan municipalities finance investments and services? – Mayor of Trikala/ Chairman of KEDE (Central Union of Municipalities of Greece)
- The finance dimension with a focus on urban periphery – Mayor of Voula-Vouliagmeni-Varkiza will share the experience of financing the needed infrastructure in the periphery associated with fast growth in the number of its inhabitants. A case of co-operating with the CDLF in street lighting financing.

PART 2 – How ELTI members can contribute to local governments viable fiscal future

In this part, ELTI members, will exchange experiences and practices aiming to better understand the key elements and processes needed for local authorities to effectively communicate their needs, reach out to our organisations and the use of financing mechanisms.

Moreover, we will reflect on that basis in order to identify similarities, differences and/or gaps in the financing options, administrative capacities and other issues relevant to addressing the cities’ challenges mentioned above.

Agenda

Co-ordinator: Vasiliki Ioakimidou, Head of Public Relations, Consignment Deposits and Loans Fund, Greece

Welcome address

Dimitrios Stamatis, Chairman of the Board of Directors, Consignment Deposits and Loans Fund, Greece

Helmut von Glasenapp, Secretary General, ELTI

 Keynote address - Supporting Local Governments navigate their pressing challenges head on

Christina Giovani, Deputy Chair of the Board of Directors, Consignment Deposits and Loans Fund, Greece

Keynote Speech

PART 1 - Understanding the Greek local governments’ perspective and the challenges in backing their public investment plans 

Konstantinos Bakoyannis, Mayor of the City of Athens, Greece

Dimitrios Papasterghiou, Mayor of the City of Trikala and President of the Central Union of Municipalities of Greece

Grigorios Konstantellos, Mayor of the City of Voula-Varkiza-Vouliagmeni, Greece

Coordinator: Christina Giovani, Deputy Chair of the Board of Directors, Consignment Deposits and Loans Fund, Greece

PART 2 – How ELTI members can contribute to local governments viable fiscal future

Sustainable finance for municipalities

Mathieu Prengel, EU Affairs Advisor, Caisse des Dépôts et Consignations, France 

CDC Presentation   One-Pager

 Case studies/ presentations on practices and frameworks from different markets

Tommaso Savi, Head of Financing to Italian Regions, Public Entities & Debt Management, Cassa Depositi e Prestiti, Italy

CDP Presentation   One-Pager

Vaida Lauruševičienė, Head of the Regional Development Unit, Customer Relation Department, VIPA, Lithuania

VIPA Presentation    One-Pager

Coordinator: Helmut von Glasenapp, Secretary General, ELTI
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Closing remarks

Dimitra Asimaki, General Manager, Consignment Deposits and Loans Fund, Greece
Helmut von Glasenapp, Secretary General, ELTI