Looking towards the future of world urban development, cities of the global south will: urp30019/19/2023 The World Bank’s City Creditworthiness Initiative (CCI) aims to strengthen the financial performance of local governments, and prepare them to tap domestic / regional capital markets without a sovereign guarantee.Johannesburg and Medellin are among the cities that have sought World Bank support to expand their sources of revenue to encompass a wider array of “value capture” and land-based financing tools, thereby leveraging private capital in greater amount and increasing the social, economic, and fiscal return on cities’ public investment. ![]()
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