Financing strategies to strengthen urban economic resilience for inclusive responses to and recovery from crises
📍12th World Urban Forum, Cairo, Egypt – Multipurpose room 03
đź—“ November 5, 2024, at 5:00 pm local time
In its upcoming World Urban Forum event, the City Diplomacy Lab will collaborate with the five UN Regional Economic Commissions to enhance awareness and understanding of financial resources and instruments available to municipalities and local authorities. These resources include both public and private funds, both domestic and international, that can be used to bolster local economic resilience in cities around the world, especially in the face of internal and external stresses and crises.
The session will open with a panel discussion involving global-level experts and practitioners. It will address innovative sources for subnational finance, potential financiers, and financial models and instruments, including climate finance, public-private partnerships, land value capture, and gender budgeting, all in relation to building urban economic resilience and financing of local-level projects with this objective.
The panel will be followed by brief presentations from five cities, one from each UN region, on their current challenges, potential solutions to address challenges, and planned strategies to finance solutions. This will benefit learning from best practices.
Panel members will comment on the cases, providing insights, suggestions, and recommendations for moving forward with designing bankable projects. Participants from the cities profiled will also be given the opportunity to comment on the other cases, thus allowing for the sharing of experiences and promoting peer exchange and learning.
This hybrid networking event is being organized within the framework of the United Nations’ Global Development Account project entitled Supporting Member States in Urban Economic Resilience.