Verma, Simant2020-09-212020-09-212020-05http://hdl.handle.net/10625/59506In 2019, Ahmedabad, the largest municipal corporation in the state of Gujarat, raised 200 crore Indian rupees (INR) ($26 million USD, 2020) for ‘green projects’ by issuing municipal bonds. This case study investigates the potential for local governments to raise funds for climate-resilient development and infrastructure through municipal bonds. Municipal bonds are debt securities issued to raise capital; in return, investors receive the principal amount with interest. Governments play an important role in incentivising fundraising through market-based financing instruments.application/pdfenFINANCIAL REGULATIONMUNICIPAL GOVERNMENTINFRASTRUCTURECLIMATE CHANGE VULNERABILITYCAPITAL FORMATIONURBAN PLANNINGINDIASOUTH ASIACase Study