AIM & DURATION

Local authorities experiencing financial distress require support. This can take various forms: financial (bail in, bail out, or a mix of these two methods), organisational, geo-political, etc. In most countries, this support is un-structured or considerably less structured than the support available to financially distressed companies, including state-owned and/or systemically relevant entities.

The main goal of RPAFD is to challenge this situation by providing a series of principled guidelines for the early detection and treatment of financially distressed local authorities, with the goal of minimising and mitigating the adverse consequences that the financial distress of a local authority may have on local communities and vulnerable local stakeholders.

RPAFD was established in early 2023. As evidenced in the other sections of this webpage, it has a research and dissemination agenda for the upcoming years.