Editing Municipal bond (section)

==In other countries==
The [[United Kingdom]]'s [[UK Municipal Bonds Agency]] (UK MBA)<ref>{{cite web |url=https://www.publicfinance.co.uk/tags/bonds |title=Bonds |quote=the first local authority to approve the operating framework for the UK Municipal Bond Agency}}</ref> provides services for borrowing by municipalities. Canada has [[CIBC]].<ref>{{cite web |url=https://www.investorsedge.cibc.com/ie/education-centre/topics/fixed-income/bonds-description.html|title=Fixed Income Bonds Description}}</ref><!--- copied URL (only) from TalkPage -->
<!--- Unlike the wording above, paragraph below is copied from UK MBA # Other countries. -->

Municipal bonds agencies, also known as bond banks or local government funding agencies, exist in other countries, such as Sweden and Finland.<ref>{{cite web |url=http://www.globalcapital.com/article/x1hm6bk9xccr/municipal-bond-agency-yet-to-refresh-arid-public-sector-market |title=Municipal Bonds Agency yet to refresh arid public sector market |date=March 23, 2016 |website=Global Capital |access-date=May 20, 2016}}</ref> In New Zealand, the [[Local Government Funding Agency]] (LGFA), is the second-biggest issuer of New Zealand–dollar debt behind the government.<ref name=":2">{{cite news |url=http://www.publicfinance.co.uk/news/2016/01/municipal-bonds-agency-opens-business |title=Municipal bonds agency opens for business|last=Johnstone |first=Richard |date=January 25, 2016 |work=Public Finance |access-date=May 19, 2016}}</ref>

Local governments in China were not permitted to issue bonds in the open market until 2015, and historically these governments relied on [[local government financing vehicle]]s as a major source of debt finance. By the end of 2022 a total of {{CNY|35.1 trillion}} of bonds were outstanding.<ref>{{cite news |title=Chinese local governments paid $148bn in interest in 2022 |url=https://asia.nikkei.com/Spotlight/Caixin/Chinese-local-governments-paid-148bn-in-interest-in-2022 |access-date=24 May 2023 |work=Nikkei Asia |date=31 January 2023}}</ref> In India, the [[Bruhat Bengaluru Mahanagara Palike|Bangalore City Corporation]] was the first municipal government to issue bonds in November 1997, followed by the [[Amdavad Municipal Corporation|Ahmedabad City Corporation]] in February 1998.<ref>{{cite news |title=Bond Proceeds to Fund Bangalore Projects |url=https://www.business-standard.com/article/economy-policy/bond-proceeds-to-fund-bangalore-projects-198081001053_1.html |access-date=30 May 2023 |work=Business Standard |date=10 August 1998}}</ref>