The role of municipal finance in financing sustainable development is high. Many of the investments needed to achieve the 2030 Agenda are made at the subnational level, especially by cities. Local authorities have a responsibility to ensure that every citizen has access to essential services and that their provision is safe, affordable and sustainable. Increasingly, they need to prepare for climate change. Governments at the subnational level need to be able to access and mobilise diverse sources of finance to make long-term investments in sustainable urban development. Many local governments are exploring a range of advanced market-based finance tools, such as equity finance, pooled finance arrangements, municipal bonds and public-private partnerships. UNDP is supporting subnational governments to adapt the Sustainable Development Goals (SDGs) to local contexts, take stock of available finance mechanisms, involve citizens directly in budget processes and pilot new and innovative financing models. For example, UNDP has supported SDG localization in China, Indonesia and Pakistan. In Pakistan and Angola, UNDP is working to strengthen the capacities of municipal administrations so that they – and the communities they serve – have greater control over decision-making processes and resource allocation. Other UN agencies are also supporting urban finance, notably the UN Capital Development Programme through its Municipal Investment Finance programme, which builds the capacity of local governments to access to sustainable sources of capital financing.
6 August 2020 - The Workshop will provide a global platform for dialogue and knowledge exchange on urban economic recovery and resilience, and inform the project conceptual framework on urban resilience and the global compendium of practices.
24 March 2020 - The SDG currency could help local governments to measure how citizens use public services, impact the environment, consume local goods and how to change the impact of such individual behavior to make cities more sustainable.
17 Feb 2020 - The Guangzhou Award serves as a platform for the sharing and exchange of innovative practices in the local implementation of the United Nation’s Sustainable Development Goals (SDGs) and New Urban Agenda (NUA). Its objective is to contribute to the creation of inclusive, safe, resilient and sustainable cities and human settlements.
17 Feb 2020 - The Tenth World Urban Forum wrapped up in Abu Dhabi with delegates urging action on all aspects of rapid urbanization, recognizing that an increasingly urbanized world is a ‘transformative force’ that can be harnessed and steered to boost sustainable development.
The Dubai International Best Practices Award for Sustainable Development is looking for the most innovative practices around the globe that improve the living environment with $1M worth of prizes to be awarded at the Dubai Expo 2020.
30 Dec 2019 - In this thematic session, participants engaged in investment case examples presented by public and private sector investors that are partnering together in order to mobilize more capital towards financing the SDGs, especially Goal 11.
10 Dec 2019 - The E-Home crowdsourcing project is a communication service provided to residents of apartment buildings in the Russian capital and seeks to enable them to better participate in the management of the property they live in.
02 Dec 2019 - In a new report titled “Towards a New System of Community Wealth,” researchers spell out how to move from the top-down, grant-based model for community development to a more localized, entrepreneurial approach.