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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.

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