Our region is the most urbanized in the developing world, concentrating close to 6.4% of the global population. Eight out of every ten people in Latin America and the Caribbean (LAC) live in cities, and data indicate that the urban population will continue to grow in the coming decades, reaching 85% by 2050. This means that municipal governments must prepare to respond to the … [Read more...] about IDB Mayors Forum: How to finance the sustainable development of cities?
Being the main engine of economic and social development in the region, the cities of Latin America and the Caribbean are becoming increasingly metropolitan areas that concentrate population, services and infrastructure, and therefore multiple challenges such as climate and social. How to strengthen the economies and finances of cities? Learn more by reading our blog and downloading this publication.
How can municipal funds contribute to Latin America and the Caribbean’s development?
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
How to finance urban development megaprojects?
As Latin American and Caribbean (LAC) cities grow, so do their needs for adequate and sustainable infrastructure. Whether building a new mega-project, or regenerating a run-down urban area, as in the cases of Bilbao and Washington DC, the region's cities need financing to meet the costs of such works. Consequently, the mayors of the cities of LAC face a big budgetary … [Read more...] about How to finance urban development megaprojects?
Bilbao Ria 2000: urban regeneration through local self-financing strategies
Everyone who visits Bilbao for the first time, comes to see, even to take a quick picture, one of the most unique buildings in Europe: the Guggenheim Museum. Its avant-garde ship-shaped design recalls what this area of the city once was: the hub of port, mining, and industrial activity in Biscay, one of the most prosperous provinces in northern Spain. If the beginning of the … [Read more...] about Bilbao Ria 2000: urban regeneration through local self-financing strategies