Municipal bonds could end districts’ funding woes

District municipal councils have for long been hard-pressed to secure enough funding from the government for different development activities. But this problem could soon be over after the Capital Markets Authority unveiled plans to start issuing municipal bonds in collaboration with the districts to help them raise development funds, writes Business Times District municipalities rely heavily on fixed funding from the central government, meaning that they are limited on how much money they can access or spend on profit-making ventures.This, however, could change once the Capital Market Authority (CMA) completes drafting guidelines on how districts can raise alternative funds through the issuance of municipal bonds.