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Instead of the cyclically-adjusted budget, it argues for compiling several indicators to indicate fiscal performance on several dimensions. The programme was approved on June 26, 2014 for a total amount equivalent to SDR 14.04 million (about US$21.7 million) with SDR 2.04 million disbursed on the programme's approval. The local institutionality resulting from the Bank’s actions on urban development translates into the type of governance whose local and global dimensions influence one another in a context where globalization takes the lead, and this governance is built from local realities [ 39 – 42 ].

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Measures that are equivalent for one indicator will not be so for others, and there is no substitute for NTB-specific expertise ...

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