WUF13 explores specific experiences on housing projects supported by international financial institutions
Baku, May 20, AZERTAC
On May 20, an event titled “From Global Housing Finance to Local Affordable Housing Action: Leveraging Global Development and Subnational Finance” was held as part of the 13th Session of the UN World Urban Forum (WUF13).
The event focused on discussions on how international financial institutions and the UN system can strengthen cooperation to address the global housing investment gap, estimated at over US$4 trillion annually, and how global development finance can be translated into affordable housing outcomes at the city and community levels.
Anacláudia Rossbach, Executive Director of the United Nations Human Settlements Programme (UN-Habitat); Allegra Maria, UN Resident Coordinator in Mexico; Yves-Laurent Sapoval, Ministerial Delegate for Sustainable Cities and Urban Envoy for the Ministry of Ecological Transition and Territorial Cohesion of France; Valérie Levkov, Vice President for Infrastructure at the World Bank Group; and Norio Saito, Senior Director for Water and Urban Development Sector Office of the Asian Development Bank (ADB) addressed the opening ceremony.
Organized by the World Bank Group and UN-Habitat as part of WUF13, the event brought together high-level representatives from major multilateral and regional development banks, UN agencies, as well as subnational finance experts to advance a practical and actionable agenda for expanding housing provision.
The speakers explored specific experiences in housing projects supported by international financial institutions, focusing on the renewal of informal settlements, post-conflict reconstruction, and national programs with strong local implementation components.
The second panel addressed how cities can be better prepared to access and effectively absorb development finance. It also focused on strengthening the creditworthiness of municipalities, developing bankable project portfolios, and aligning financial instruments with the realities of phased and community-based housing provision.
Other news in this section
