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In Africa, sustainable urbanization starts with effective financial management

Sameh Wahba's picture
In most developing countries, cities are struggling with the demands of growing urbanization. A major challenge is the lack of sufficient, effectively managed financial resources. For instance, the global investment needed for urban infrastructure is $4.5-5.4 trillion per year, a figure that dwarfs official development assistance.
To bridge the municipal financing gap, cities must take coordinated action with partners, such as private investors and multilateral development agencies to build financial management institutions that are sustainable, accountable, and stable.
[Report: Africa’s Cities: Opening Doors to the World]

In East Africa, the World Bank has an operational portfolio of almost $1 billion in urban projects focused on improving financial and institutional performance across multiple local governments in Ethiopia, Kenya, Uganda, and Tanzania, as well as operations that focus in-depth on big city governments. 
For example, in Uganda, World Bank projects in Kampala increased its inflation-adjusted revenues by approximately 10% in one year, and the secondary city clean audit report performance has improved from 36% to 100% over a period of two years.

Watch a conversation between World Bank Director Sameh Wahba (@SamehNWahba) and Jennifer Musisi (@KCCAED), Executive Director, Kampala Capital City Authority to learn more about Kampala’s transformation in recent years in municipal financing, and what other countries and cities can learn from this experience.

World Bank at the World Urban Forum: Three key ways to implement the New Urban Agenda

Ede Ijjasz-Vasquez's picture
Over a year ago, national and city leaders from around the world gathered at the Habitat III conference in Quito to endorse the New Urban Agenda, which sets a new global standard for sustainable urban development and guides global efforts to achieve the Sustainable Development Goals in the era of climate change.
In just three weeks, early February 2018, representatives of the world’s countries and cities will convene again to discuss “Cities 2030, Cities for All: Implementing the New Urban Agenda” at the world’s premier conference on cities – the Ninth Session of the World Urban Forum (WUF9) in Kuala Lumpur, co-hosted by UN-Habitat and the government of Malaysia. 

In the video, World Bank Senior Director Ede Ijjasz-Vasquez (@Ede_WBG) and Director Sameh Wahba (@SamehNWahba) share the World Bank's three priorities at the World Urban Forum.

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World Urban Forum:

As the world’s largest financier on urban development, the World Bank will focus on three issues at the World Urban Forum that are essential for implementing the New Urban Agenda toward the Sustainable Development Goals: