Global: Public finance for public services in the Global South

A concerted funding effort is needed to achieve basic services for all, says this Occasional Paper from the Municipal Services Project (MSP). 'One untapped source for renewed funding of public services is the large pools of public capital accumulating in Public Pension Funds and Sovereign Wealth Funds. At present, they invest heavily in the private sector to maximize returns but under appropriate conditions, such funds could actually realize greater long-term returns from investment in public service provision while avoiding the politically controversial and contradictory practice of using public sector funds to support privatization.'