CDIA Shares Insights on Preparing Bankable and Sustainable Projects in Cities

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Local chief executives need to build their capacities and resources to be able to develop and implement sustainable solutions in line with the New Urban Agenda and the 2030 Agenda for Sustainable Development. In line with this, the United Cities and Local Governments Asia Pacific (UCLG ASPAC) and its partners organized the 4th installment of the Asia Pacific Mayors Academy for Sustainable Urban Development virtually on 5 September 2023. 

Kathleen Jovellanos, CDIA’s Capacity Development Specialist served as one of the resource speakers for the module on How to Finance Sustainable Urban Development, which focused on unpacking financing options available to local governments and preparing bankable projects that are attuned to local circumstances and attractive to domestic and international investment opportunities.  

In her presentation, Kathleen highlighted the importance of project preparation as a critical process by which a city can define, study, refine, and develop an infrastructure concept to the point that it becomes bankable. She also explained how CDIA can support cities in undergoing the rigorous process of project preparation. 

Thirteen mayors from selected cities in Malaysia, Nepal, Philippines, and Thailand joined the 4th batch of the annual fellowship program.  

It was launched in 2019 by the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP), the United Nations Human Settlements Programme (UN-Habitat), and United Cities and Local Governments Asia-Pacific (UCLG ASPAC), in cooperation with the United Nations University, Institute for the Advanced Study of Sustainability (UNU-IAS), the Association of Pacific Rim Universities (APRU), and Institute for Global Environmental Strategies (IGES). 

Since 2021, CDIA has been contributing to the program through its partnership with UCLG ASPAC. 

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