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Sub-national technical assistance program
The SNTA program helps sub-national authorities access market-based financing, without sovereign guarantees through several types of activities. Responsibility for meeting the enormous demand for new and better infrastructure services in developing countries is increasingly shifting from national to sub-national authorities. But these authorities, typically local governments or utilities, often lack the financial resources to build needed infrastructure. Accessing infrastructure financing is not easy. Long term capital from local markets is needed, but sub-national authorities have to be creditworthy to access market-based financing. This is the constraint that the public-private infrastructure advisory facility (PPIAF) targets through its sub-national technical assistance (SNTA) program [...]