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The World Bank’s work in urban development aims to build sustainable cities and communities through an urbanization process that is green, inclusive, competitive, and resilient, contributing to the Sustainable Development Goal (SDG) No.11, to the implementation of the New Urban Agenda, as well as to the World Bank’s goals to end extreme poverty and boost shared prosperity.
Over half of the world's population now lives in cities, a figure expected to rise to nearly 70% by 2050, posing significant challenges for housing, infrastructure, and climate resilience. The World Bank is addressing these issues by investing $5 billion annually in sustainable urban development, focusing on enhancing planning, strengthening ...
Urban transport is vital for connecting people to jobs, education, healthcare, and other essential services in cities. The World Bank is supporting countries through investments in mass transit projects and other public transport improvements. Since 2012, 12 metro and bus rapid transit (BRT) projects have been completed, benefiting more than 20 million people. Among the many benefits of these ...
These areas marginalize and exclude residents, and can have a long-term negative effect on their upward mobility. Regenerating Urban Land: A Practitioner’s Guide to Leveraging Private Investment looks at regeneration programs from eight cities around the world – Ahmedabad, Buenos Aires, Johannesburg, Santiago, Singapore, Seoul, Shanghai ...
Today, about 151 million people – over half of Indonesians – live in cities and towns, roughly 18 times the population of London. By 2045, the centenary of its independence, approximately 220 million people – or more than 70% of the population – will be urban. As Indonesia has urbanized, so has it climbed the ladder of development and ...
Building the necessary infrastructure will be key for creating livable, climate-resilient, and inclusive cities that drive the economy forward. Since nearly 70 % of the urban infrastructure needed by 2047 is yet to be built, sizeable investments will be required. By 2036, India will need to invest $840 billion in infrastructure - an average of $55 billion or 1.2 % of GDP per annum. However ...
A first-of-its-kind World Bank analysis, of the shape and growth of nearly 10,000 cities between 1990 and 2015, finds that the most successful urban areas are those that connect their growth to economic demand and then support this with comprehensive plans, policies and investments that help avoid uncontrolled sprawl. The new report, Pancakes to Pyramids – City Form for Sustainable Growth ...
Three big ideas, countless solutions. At the World Urban Forum, the World Bank will offer three big ideas that are essential for successfully implementing the New Urban Agenda: Financing the New Urban Agenda. Promoting territorial development. Enhancing urban resilience to climate change and disaster risks.
The first such program, started in 2008, focused on 18 local governments, while the second program was scaled up to 44 in 2014. This has now been further increased to 117 urban local governments in the third iteration since 2018, supporting the government’s intention to roll out performance-based fiscal transfers as a country-wide system to ...
Private investment is key to securing the necessary financial resources, while the viability of regeneration efforts relies largely on buy-in from the community and private sector. Urban regeneration takes time. Therefore, cities that are serious about revitalizing declining areas need to stick to a long-term vision that can withstand political ...