Financing for sustainable urban development
The 2030 Agenda for Sustainable Development reflects an ambitious plan for humanity and the planet but will require a significant mobilization of investments, resources and capacities to be achieved.
Achieving the Sustainable Development Goals (SDGs) is estimated to require between US$5 to $7 trillion, with an investment gap in developing countries of about $2.5 trillion. Readdressing how we finance cities and human settlements is considered crucial for sustainable development.
The importance of finance has been illustrated in the Secretary-General’s strategy for financing sustainable development (2018-2021) that calls for:
- Aligning global economic policies and financial systems with the 2030 Agenda.
- Enhancing sustainable financing strategies and investments at the regional and country levels.
- Seizing the potential of financial innovations, new technologies and digitalization to provide equitable access to finance. As such, this session contributes to showcasing how finance can be used for sustainable urban development and improved quality of life for all.
This session will:
- Provide the city leaders, urban professionals and members of the audience with an improved understanding of financing mechanisms and strategies for sustainable urban development.
- Develop a deeper understanding of the role of finance in transforming cities for the benefit of all.
- Exhibit the work of UN-Habitat and guide the transformation of cities by promoting transparent and accountable finance mechanisms.
- Describe the importance of finance in sustainable urban development and its impact?
- How do you ensure cities have finance capacities needed for sustainable urban development?