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EconNet: Emerging and Sustainable Cities Initiative

Date: 23 Jan 2014

Time: 12:00 PM

Location: 1300 New York Ave., NW, Washington D.C., Conf. Room SE-1035, United States

Prior registration required (link on the left side)
*Bring your lunch*

Title: Emerging and Sustainable Cities Initiative
Presenters: Ellis Juan and Horazio Terraza (IDB)

Abstract: The Emerging and Sustainable Cities Initiative (“ESCI”) is IDB’s non-reimbursable technical assistance program providing direct support to local governments to address their challenges of rapid urbanization and climate change. ESCI employs a multidisciplinary approach to address the challenges faced in Latin America and Caribbean Cities. This transversal approach includes an analysis of the: (a) environmental and climate change sustainability, (b) urban sustainability, and (c) fiscal sustainability and governance. 

ESCI provides a set of tools to: (i) identify key challenges that cities may encounter in achieving sustainability; (ii) weigh and prioritize those challenges in terms of climate impact, economic benefits and public opinion, (iii) promote investment decisions (interventions) in the prioritized sectors that consider a comprehensive view of the community (consultations with civil society, academia and private sector). The application of these tools generates an Action Plan for the city, which includes prioritized interventions and strategy for their execution. In addition, ESCI selects a prioritized intervention and assists the local government with the required pre-investment financing, in addition to mobilizing additional financing from available sources for project implementation. In this phase, ESCI also develops a monitoring system to measure progress towards closing gaps and reaching goals. ESCI is now in its third year of operation after its launching in 2011. It has already included a total of 26 cities in the program representing approximately 25 million inhabitants. In order to strengthen the impact of the program and its replication across the region, ESCI has developed strong partnerships with local development banks in Colombia (Findeter) and Brazil (Caixa Economica). These institutions provide financing to municipalities and states. They have adopted our methodology to develop cities sustainable development plans (action plans). 14 more cities are expected to be added to the program during 2014.

EconNet is the technical seminar series of the IDB’s Research Department. The series consist of brown-bag seminars at which an invited researcher presents his or her latest research findings on development issues relevant to Latin America and the Caribbean. EconNet takes place every Thursday from 12:00 to 1:30 p.m.  

A joint initiative of the Research Department and the Knowledge and Learning Sector of the IDB

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