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The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) has recently released a paper titled, “Empowering cities to implement the 2030 Agenda for Sustainable Development and the New Urban Agenda: Mobilizing Municipal Finance for Sustainable Infrastructure in the Asia-Pacific Region.”
The document contains an analysis of how cities and national governments could improve institutional enabling environments for local governments to leverage their resources through longer tenor debt, equity, and land-based financing of urban infrastructure.
This document is guided by the overarching question of: What are the key enabling institutional conditions which need to be in place for countries in the Asia-Pacific region to strengthen local government financing systems and leverage long-term private financing for sustainable infrastructure, so that cities can effectively deliver needed infrastructure and contribute to national and global sustainable development agenda?
CDIA’s Joris van Etten and Stuart King have been involved in reviewing the document, prepared by UNESCAP in partnership with UN-Habitat for the upcoming 74th Commission Session in Thailand.
Click here to access the document.