Investing in Urban Resilience : Protecting and Promoting Development in a Changing World
Cities in the developing world are rapidly expanding, boosting countries’ economies, reducing poverty, and fueling global prosperity. But as more people, assets, and economic activity become concentrated in cities, and infrastructure struggles to k...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/10/26884075/investing-urban-resilience-protecting-promoting-development-changing-world http://hdl.handle.net/10986/25219 |
| Summary: | Cities in the developing world are
rapidly expanding, boosting countries’ economies, reducing
poverty, and fueling global prosperity. But as more people,
assets, and economic activity become concentrated in cities,
and infrastructure struggles to keep up with rapid growth,
the risk posed by natural disasters and climate change is
rising. The urban poor – who are most exposed and least able
to cope – will be hardest hit, with up to 77 million urban
residents potentially falling back into poverty as a result
of climate change alone. To help the urban poor unlock their
full economic potential and protect hard-won development
gains, the report discusses the need to invest in urban
resilience. Over the next 15 years, at least 400 billion
dollars will be needed each year to make city infrastructure
low-emissions and more resilient to the wide range of shocks
and stresses that cities may encounter. The flagship report
-- co-authored by the World Bank Group and the Global
Facility for Disaster Reduction and Recovery -- illustrates
how building urban resilience is critical to reducing
poverty and promoting shared prosperity. And while, over the
last five years, the World Bank Group has financed more than
$9 billion in projects to help cities in 41 countries become
more resilient, significant investment gaps remain. To
overcome these gaps, the World Bank Group and other
multilateral development institutions can play a critical
role in enabling city and national governments leverage private |
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