The United Nations Human Settlements Programme (UN-Habitat) and the Development Centre of the Organisation for Economic Co-operation and Development (OECD) are pleased to participate at the historic Habitat III conference and reiterate our shared commitment to work together to support efforts by developing countries to address the financing gaps their cities face. The intense and extremely rapid process of urbanization in developing countries, particularly in Africa, can lead to significant opportunities and considerable challenges, such as congestion and poor governance, if appropriate public goods are unavailable. In this context, our organizations recognize the need to develop and deploy tools for financing urban development in developing countries, particularly in Africa, and the need to follow up on the Third International Conference on Financing for Development held in Addis Ababa in July 2015.
Image: UN-HABITAT Deputy Executive Director Dr. Aisa Kacyira
This article is culled from daily press coverage from around the world. It is posted on the Urban Gateway by way of keeping all users informed about matters of interest. The opinion expressed in this article is that of the author and in no way reflects the opinion of UN-Habitat.