Achieving coherent financing of sustainable urban development at various territorial scales

To harness urbanization for productive growth and liveability, synergetic investment in urban development and infrastructure is required. Coordination of investment for larger impact needs an enabling institutional environment that ensures effective multilevel governance and targeted policies at national and subnational levels securing coherence of national and subnational spending and revenues and external finance. This event builds on the findings from an EU funded initiative on “Financing Sustainable Urban Development”, which will be presented at the beginning to set the scene. The initiative focused on challenges that low- and middle- income countries confront in financing sustainable urban development and investigated the need for coherence in financing investment, embedding investment planning in coordinated national and municipal finance system - including finance available externally, and studying what different groups of stakeholders can do to advance this agenda. The event will also discuss how the UN can support urban dimension of EU development finance. Jan Olbrycht MEP, President of the Urban Intergroup of the European Parliament will open the event. A keynote from European Commission and European Investment Bank on the urban dimension of the EU development cooperation will set the stage for the panel discussion. A moderated panel will then discuss the importance of coherent investment planning on various territorial scales, and the prerequisites of achieving this coherence.