Forum on Financing Urban Resilience Brings Together Cities and Development Partners
June 14, 2017
To boost investment in urban resilience was the key objective of the recent Urban Resilience Finance Forum held on 24-25 May 2017 in Bangkok, Thailand. Some 100 participants representing cities, development organizations, and national government agencies across South and Southeast Asia attended this event organized by US Agency for International Development (USAID), with support from the United Nations Development Programme (UNDP), Asian Development Bank (ADB), and CDIA.
The two-day forum became a platform for sharing good practices, current activities, and emerging trends in urban resilience and climate finance. It also promoted open discussions on key challenges, priorities, and capacity needs for building urban resilience in Asia which opened up potential partnership opportunities to pursue more innovative and high-impact climate resilience projects.
In one of the breakout sessions, Mr. Hing Phorpminea, Deputy Governor of Kampong Chnnang in Cambodia shared the city’s experience in addressing its flooding and wastewater management issues through CDIA’s support. CDIA is funding an ongoing Project Preparation Study and is linking a proposed Wastewater Treatment Plant and drainage system to Asian Development Bank (ADB) for downstream finance.
When asked about his experience attending the forum, Mr. Hing said, “I learned a lot from the discussions and got good recommendations to improve our wastewater management project.”
Ms. Joy Bailey, CDIA’s Environment Specialist moderated during his presentation, as well as two more breakout sessions. One was on international sources of finance that took into account the Kampong Chnnang experience, and another one on capacity building and knowledge sharing.
“The session topics and methodology used were quite effective in supporting city case studies, and in mapping how collaborations for further work on financing urban resilience projects in the region can be done by cities and development partners,” Ms. Bailey observed from the two-day forum.