Most urban slum dwellers in Asian countries cannot access conventional systems of finance. To get a loan, you need to prove you are creditworthy. But without a pay slip, you are unbankable. People living in poor communities need access to loans and other forms of financing to develop solutions to the serious problems they face, writes Somsook Boonyabancha. With a variety of models and scales ranging from small community funds to national-level networks, community finance is a popular and growing tool that promises to open up new possibilities for the people most in need.
“Productivity increases with the size of a city” – An Interview with Rüdiger Ahrend, Head of Urban Policy Programme at OECD
A lot of processes in cities depend on the financial resources of the municipal and national government. But how can these resources be generated? How can cities make money, how can they save money? And what role does urbanisation play? We talked to Rüdiger Ahrend, Head of the Urban Policy Program at the OECD, about how cities can approach these challenges.
In early December, mayors, city delegates and urban experts met in Mexico City for the sixth biennial C40 Mayors’ Summit. The summit emphasised the key role cities play in global low-carbon, resilient, and inclusive development. Providing our cities with adequate access to financing is one of the most pressing issues that need to be addressed.
By doubling their revenues through property taxation, nine Eastern Serbian municipalities are now able to finance projects vital to their communities.
A colourful video overview how local governments in Ghana can increase their Internally Generated Funds and what benefits they provide.
“Those innovative instruments are now recognised as effective instruments to finance urban development”
Subnational Pooled Financing Mechanisms (SPFMs) are expected to play an increasingly strategic role in financing sustainable development. Jean-François Habeau, Executive Director of the international cities network FMDV, talks about the benefits and specific challenges of Subnational Pooled Financing Mechanisms for developing countries.
The projects that are financed in an urban environment depend on a variety of factors. With the portfolio approach cities can determine which projects benefit them most in terms of profits and social benefits and can choose them accordingly.
There is no shortage of ideas for sustainable development projects in Asia. However, often the financial resources provided for environmental and climate protection projects as well as waste water, energy or infrastructure projects is scarce. The Cities Development Initiative for ASIA (CDIA) supports Asian cities in finding investors and building their infrastructure. In an interview with Urbanet CDIA-Coordinator for GIZ Claudia Hermes explains how the CDIA works and what the idea behind it is.