URBAN DEVELOPMENT AND HOUSING
TO EXTEND THE BENEFITS OF URBANIZATION TO ALL URBAN RESIDENTS IN THE LATIN AMERICAN AND CARIBBEAN REGION
the Bank’s key challenge for the urban development and housing sector is to extend the full benefits of urbanization to all urban residents, both today and tomorrow. Achieving this requires support for interventions and institutional changes that systematically address the four major problems affecting the region’s cities: (i) deficits in urban infrastructure and services; (ii) deficits in housing; (iii) degradation of habitat; and (iv) deficits in urban governance.
A) Increase city residents access to quality urban infrastructure and services: (i) improving informal neighborhoods and (ii) expanding the coverage,and quality of urban infrastructure and services in poor formal neighborhoods.
B) Improve urban population housing conditions: (i) access to public and private financing for housing services for the poorest populations; and (ii) the housing services offering.
C) Prevent degradation and improve urban habitat: (i) revitalizing degraded areas, and preserving the historical heritage of the cities; and (ii) protecting most vulnerable residents from adverse environmental impacts.
D) Improve local institutions' governance capacity: (i) strengthening governments and local institutions that have urban planning and citizen service responsibilities; and (ii) improving the quality and efficiency of entities providing urban public services.
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