This book is an attempt to consolidate and share Pune Municipal Corporation’s experiences and learnings from one of its seminal endeavors, namely, the launch of India’s largest municipal bonds program envisaged to continue for the next 15 years. Through this publication, I take the opportunity to invite all relevant stakeholders from the private sector, academia, civil society, international organizations and the citizenry to join hands with the Government of India in creating an ecosystem that enables ULBs and fnancial markets to become ‘natural partners’ towards making India a developed country