Chongqing-Dadukou Fiscal Sustainability DPO

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This Chongqing‐Dadukou District Development Policy Financing (DPF) supports Chongqing‐Dadukou District Government in achieving fiscal sustainability through a forward‐looking, comprehensive and transparent public finance framework that integrates budget, public investment and debt management. The DPF program in Dadukou is divided into three pillars: fiscal sustainability, integrated capital investment plan, and transparency. Under this operation, Dadukou can serve as a pilot for local government fiscal reform in China by creating a forward‐looking, comprehensive and transparent public finance regime that integrates budget, public investment and debt management. While this is the first subnational development policy operation in China, the project design is informed by the experience of such subnational operations in other countries, as well as from other types of operations in China.