Financing a sustainable urban future for all
When planned responsibly, and based on sound – but not necessarily exhaustive – cost/benefit analysis, and when supported by adequate regulations, the financing and development of infrastructure can be used as an engine for the development of institutions, policies, and capacities at all levels and across all sectors of governance.
To this end, the mandates of all levels and sectors of government should be clear and without gaps or overlaps. All relevant levels and sectors of government must be involved in making decisions on investment, instead of only those involved in collecting taxes and other revenues.
It is crucial to improve the effectiveness of managing urban development through better collaboration between different levels and sectors of government. Furthermore, the success of efforts to decentralize responsibilities…