Latin America and the Caribbean (LAC) has more than 17,500 subnational governments that are responsible for approximately 25% of total public administration spending. Among subnational governments (provinces, municipalities, etc.), cities are closest to the citizens, and therefore, they ar responsible to cover their most basic needs. In addition, cities are called to lead the … [Read more...] about How can municipal funds contribute to Latin America and the Caribbean’s development?
The role of municipal funds for sustainable urban development
Cities in Latin America and the Caribbean (LAC) play a key role in providing services to their inhabitants. They are the administrative level closest to the needs of citizens, offering crucial services such as electricity, water, transportation, waste management and public infrastructure. In some countries in the region, they also manage education, health and security. In … [Read more...] about The role of municipal funds for sustainable urban development
IDB´s role revitalizing heritage housing in the Colonial City of Santo Domingo
A climatic approach for economic and social development The Colonial City is the oldest urban nucleus of Santo Domingo, capital of the Dominican Republic. It was the first permanent European settlement on the continent, serving as an urban model to be replicated in other colonial cities in America. On December 8, 1990, the Colonial City of Santo Domingo (CCSD) was declared a … [Read more...] about IDB´s role revitalizing heritage housing in the Colonial City of Santo Domingo
Delivering Social Value in real estate: An overdue discussion in Latin America and the Caribbean
Delivering effective environmental, social and governance strategies in the global real estate sector is an increasingly important issue. In this blog we address the opportunities that lie ahead for Latin American and Caribbean cities through the delivery of social value in the real estate sector. Environmental, Social and Governance in Real Estate Sustainable property … [Read more...] about Delivering Social Value in real estate: An overdue discussion in Latin America and the Caribbean
Innovating project finance in Latin American cities through Tax Increment Financing
Would it be possible for Tax Increment Financing (TIF) to work in Latin American and Caribbean (LAC) cities to expand local governments’ investment capacity in infrastructure? The short answer is yes.Although there are many factors to consider. The Urban area of the IDB's research found that a handful of cities in the region could meet most of the critical factors needed to … [Read more...] about Innovating project finance in Latin American cities through Tax Increment Financing