This importance of cities for regional and national development now serves as a foundation for the dialogue between the World Bank and the European Commission, with respect to the design of the European Regional Development Fund (ERDF) for the 2014-2020 Programming Period. The ERDF is the world’s largest investment program targeting sub-national public infrastructure investments.
In this video, World Bank Senior Director Ede Ijjasz-Vasquez and Marcel Ionescu-Heroiu, Senior Urban Development Specialist from Romania Country Office team, discuss the importance of cities in regional and national growth and development, and the role the Bank is playing in the design of the world’s largest sub-national investment fund.
Such messages teach us how to keep hazards away from people (reducing existing risks) as well as how to keep people away from hazards (avoid creating new risks). On my latest trip to Japan, we hosted government officials from Armenia, Kyrgyz Republic, and Tajikistan as part of an experts’ visit focusing on disaster risk management, acting on Japan’s rich culture of passing on such decisive messages to future generations.
Venice may seem like an unlikely location for an international development conference. But even though the Italian city is best known for its touristic appeal, it also turned out to be the perfect setting for the Understanding Risk Forum 2016, where representatives from 125 countries exchanged knowledge on disaster risk management and explored ways of adapting global lessons to their own local context.
At merely 1 meter above sea level, Venice has had its fair share of natural disasters, especially floods. In 1966, the record-high 194-cm flood had severe consequences on the Old Venice, causing an estimated $6 million worth of damage (1966 US dollars). Given the city’s touristic and historical significance to Italy and the world, protection from flood is a top priority.
That's why the Government of Italy has invested over €5.5 billion on the MOSE Project, which involves constructing 4 mobile barriers at the mouth of the water basin to the sea in order to better control high tide and prevent it from flooding the Old Venice. Each barrier consists of several energy-efficient flap gates that can be deployed quickly when high tide occurs, maintaining the ideal water level in the basin while safeguarding the natural ecosystem in the laguna area. Once the project is completed in 2018, it should fully protect the city, and allow future generations to admire the beauty of its glory days.
Across the world, countries facing rapid, and often unplanned, urbanization deal with a number of challenges that affect their growing populations. The issues range from a lack of access to decent housing and basic services such as sanitation, water, healthcare, electricity and transport. This has adverse impacts on the quality of urban living. It also undermines the efforts of cities to achieve their full economic potential.