A necessary tool for growth

摘要

The UK Municipal Bonds Agency is getting closer to its first bond issue. I have had the pleasure of being one of the advisors in the process of the agency's creation, so it makes me happy to hear that 56 local authorities already support it and that the chief financial officer of Birmingham City Council recently said in an interview that it was 'very likely' to use its services. Taking a step back, what were the reasons behind forming municipal bond agencies?