Deep Dive Discussions

Deep Dive Discussions 4.4 on Urban Finance

Leveraging smart technology for future city finance

Day 3 – Thursday, 17 October 2019
11:00 - 12:30
Ballroom 4
Moderator(s)
Mr. Paul Martin
UNCDF
Regional Technical Advisor
Thailand
Presenter
Nora Steurer
Speaker(s)
Mr. Manoj Sharma
Chief of Urban Sector Group Sustainable Development and Climate Change Department ADB
Chief
India
Mr. Leo Chris Lu
Ad Nano
Managing Director
USA
Ms. Celine D’Cruz
Block by Block
Vice President
India
Mr. Pankaj Khanna
Development Alternatives Group
Senior Consultant
India
Dr Suraya Ismail
Khazanah Research Institute
Director of Research
Malaysia
Panelist(s)
No items found.
Lead Organization
Partner Organizer(s)
Lead Organizer(s)

Mr. Sunghoon Kris Moon, ADB

Ms. Sarah Hui Li, ADB

Ms. Natalja Wehmer, Associate Economic Affairs Officer, UNESCAP

Ms. Soumya Chaturvedula, ICLEI

Ms. Puja Sawhney, EU-Switch-Asia Programme

Mr. Paul Martin, UNCDF

Synopsis

Technology has extended its influence into changing the way cities function and finance themselves today. Smartphone-based crowdsourcing applications allow citizens to take pictures and report public facility damage, resulting in saving in maintenance costs for city governments. Big data analytics enhance cities with more integrated urban planning capabilities, leading to cost-effective service delivery. Geospatial technology is aiding disaster risk management and reducing social and economic loss. There are many examples that serve as evidence of how technology is contributing to today’s city finance.

As technology constantly evolves, it opens new finance possibilities for cities, such as congestion charging. The transition from paper-based driving permits to advanced congestion charging models, e.g. Singapore’s investment in its Electronic Road Pricing (ERP) system has paid off. ERP is not only helping regulate the city’s traffic and greenhouse gas emissions, but also generating revenues. By investing in smart technology, cities can harness technology’s power while also being able to manage costs and attract private investments. And with better and real-time data, cities will have the potential to function and budget things in a more efficient way.

As cities aspire to be smarter and more sustainable, technology becomes crucial to finance and achieve sustainable development goals. As such, it is important for cities to leverage smart technology as well as its current and future evolvement into their finance solutions.

Objectives of the Session
Introduction of the Topic
Guiding Questions
Country

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Join us at the seventh session of the Asia-Pacific Urban Forum (APUF7) in Penang, Malaysia from 15 to 17 October 2019