Leaders’ Dialogue

Leader’s Dialogue 4 on Urban Finance

Urban Finance

Day 3 – Thursday, 17 October 2019
09:00 - 10:30
Ballroom
Moderator(s)
Ms. Sri Husnaini Sofjan
Huairou Commission
Senior Programme Advisor and Strategist
Malaysia
Presenter
Nora Steurer
Speaker(s)
Ms. Nurzat Abdyrasulova
Unison Group
President
Kyrgyzstan
Mr. Robert Guild
Asian Development Bank
Chief Sector Officer
Philippines
H.E. Abdul Baqi Popal
Directorate of Local Governance, Government of the Islamic Republic of Afghanistan
Deputy Minister of Municipalities Independent
Afghanistan
Dr. Greg Munro
Commonwealth Local Government Forum (CLGF)
Secretary-General
South Africa
Honourable Mr. Jagdeep Singh Deo A/L Karpal Singh
Housing and Urban & Rural Planning
Penang State Executive Councillor of Local Government
Malaysia
Mr. Victor Edward
Head of Center of Competence Division at PT Sarana Multi Infrastruktur (PT-SMI)
Executive Vice President
Indonesia
Panelist(s)
Datuk Seri Jebasingam Issace John
Northern Corridor Implementation Authority (NCIA)
Chief Executive
Malaysia
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

Considerable resources are required within Asia-Pacific cities to provide goods and services to growing populations and address existing infrastructure deficits. Cities generally contribute to 80% of global gross domestic product. However there are still many existing issues such as potable water accessibility, lack of basic sanitation and untreated wastewater. It is estimated that Asia-Pacific will need to invest $26.2 trillion during 2016–2030 towards infrastructure to maintain growth, eradicate poverty, and respond to climate change with majority of funds expected to be invested in cities. Furthermore, the quality of existing infrastructure and subsequent funding still requires urgent attention. 

Finance plays a crucial role in urban transformation. Policies and institutional developments focused on inclusive growth defined the trajectory of city developments to act as enablers for cities to improve their livability. With the way in which infrastructure is financed has implications on urban access, participation, and equity. A multitude of financial sources exist to support urban transformation. Traditionally, the public sector funds urban development through mechanisms such as sustainable public revenue stream, private sector investments, and other alternative financial sources. All these pathways now require innovative thinking and varying sources of financing modalities in order to achieve successful outcomes for various urban situations (e.g. bridging the infrastructure gap, emphasizing quality infrastructure, sustainable operation and management etc..).

Objectives of the Session
Introduction of the Topic
Guiding Questions
Country

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