In 2015, the Addis Agenda called for increased international cooperation to strengthen subnational finance, defined as a holistic concept that covers three essential activities: revenue mobilization (including own-source revenues and resource transfers), public financial and asset management, and long-term borrowing and investment. Recognizing that asset management can both generate and leverage local financial resources for sustainable development, this report aims its focus on asset management practices from Bangladesh, Nepal, Uganda and Tanzania to examine the factors that optimize the management of asset portfolios of municipalities or impede their efficiency.

Data from The UN DESA Diagnostic Tool and Asset Management Action Plan (AMAP) is the primary source of information used to understand the current asset management frameworks in these countries and offer insight into ways to improve them. This analysis aims to recognize opportunities stemming from robust asset management for municipalities that would increase their own-source revenue, improve governance and operational practices, increase the resilience and dependability of government services to the public while fostering new sources of public and private investment.