Everyone needs to contribute the financing conversation
Ede Ijjasz-Vasquez, Senior Director of Social, Urban, Rural and Resilience Global Practice at the World Bank Group believes everyone should contribute to the conversation on financing opportunities in cities and regions. Right now there are no clear rules in the game for local and regional governments to collect taxes – inhibiting their ability to plan, design and implement projects in their municipalities.
There also needs to be stronger partnerships between cities and their citizens to create transparency, mobilize the finance and attract the private sector. Philanthropies, global funds and climate action grants can also help cities implement projects that can have both local and global impact.