November 15 , 2022
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- Vadodara became the second city in India to issue a municipal bond with assistance from the US Treasury Department’s Office of Technical Assistance.
- The bond will provide funds for infrastructure projects in Vadodara.
- Municipal finance can help to pay for vital capital projects including roads, energy, water, sanitation, and other essentials.
- Pune was the first city to issue such a bond in 2017.
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