In urban planning, Transit-Oriented Development (TOD) is a type of urban development that maximizes the amount of residential, commercial, and recreational space within walking distance of public transportation. In doing so, TOD promotes the use of public transportation and discourages the use of private automobiles, promoting sustainable urban growth. How to distinguish a … [Read more...] about How to finance a Transit-Oriented Development?
city financing
Why are real estate funds a good alternative for financing urban renewal projects?
One of the main challenges for our cities is obtaining sufficient financial resources to adequately provide their public services. Over the last few months we have been sharing several alternatives, such as strengthening fiscal capacity, diversifying funding sources, attracting private sector investment or improving the planning and execution of projects to promote … [Read more...] about Why are real estate funds a good alternative for financing urban renewal projects?
IDB Mayors Forum: How to finance the sustainable development of cities?
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?
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