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Municipal Finance

Postcards from Quito on the New Urban Agenda

Sameh Wahba's picture
Also available in: Español

Photos: World Bank

More than two months have passed since the whirlwind that was Habitat III, the UN’s once-every-20-year summit on cities and urban development. From big data to climate change, public spaces to municipal finance, the conference truly seemed to have something for everyone. Long queues to enter the conference aside, what was striking was also the sheer number of young participants at the event, many of whom were students, planners and architects from Quito.

So what did people in Quito really think about the future of cities? We asked visitors to the World Bank’s booth at the Habitat III exhibition to tell us, by writing on postcards, what they thought was needed to create sustainable cities for all. Of the more than 200 postcards received, several recurring themes were clear:

Postcards from Quito on the New Urban Agenda (World Bank Group)

Implementing the New Urban Agenda needs financially strong cities

Ede Ijjasz-Vasquez's picture
Cities around the world face increasingly complex challenges such as rapid urbanization and climate change. Meanwhile, many cities facing the most pressing problems lack sufficient funding to meet local needs. This is especially the case for developing countries, where cities require significant infrastructure investment to provide basic services to growing populations and expanding urban areas.
 
How can cities access, leverage, and manage the fiscal and financial resources required to implement the New Urban Agenda and meet the growing needs of local populations?
 
To explore this issue, World Bank Senior Director Ede Ijjasz-Vasquez discussed the UN Habitat III policy paper on municipal finance and local fiscal systems with Mac McCarthy, President and CEO of the Lincoln Institute of Land Policy.