Cities are the main engine of economic and social development. The social interaction in cities drives innovation and creativity, giving rise to cutting-edge technological and cultural production systems.
The concentration of population, however, generates high demand for services. When the expansion of the supply of services is inadequate, significant deficits emerge in the coverage and quality of infrastructure and services, including housing. These problems are compounded by weak urban governance. In Latin America and the Caribbean 150 million people under the poverty line live in its cities.
The IDB is committed to urban development and expanding access to housing in the region. Its fluid dialogue with national and municipal authorities, its track record of good practices and innovation, and its high multisector technical capacity, have afforded it privileged access to the region.
Areas of action
Impacts of rapid urbanization and national prosperity The Inter-American Development Bank (IDB), the Ministry of Housing, Construction and Sanitation of Peru, and the Chinese Academy of Social Sciences (CASS) organized in Lima, Peru, a high-level Summit to discuss common challenges in urban development and housing.
The World Urban Forum (WUF7) is the most important global meeting of national and gathers a wide range of people interested in urban issues, such as regional and local governments, non-governmental organizations, community-based organizations, professionals, research institutions and academies, professionals, private sector, development finance institutions, foundations, media and United Nations organizations and other international agencies. This large event is sponsored by the United Nations Human Settlements Programme (UN-Habitat).
Dr. Janice Perlman, author of The Myth of Marginality (UC Press, 1976) and Favela: Four Decades of Living on the Edge in Rio de Janeiro (Oxford University Press, 2010) and President of the Mega-Cities Project, Inc., will discuss her research in over one thousand favelas these past four decades. Dr. Perlman will reflect on the factors that reinforce social and spatial exclusion and the implication for future urban policy, practice and research.
By the numbers
of the population in Latin America and the Caribbean is urban. This makes it the most urbanized region in the world.
Argentina to implement metropolitan areas development program with $80 million IDB loan. Oct 26, 2016
Habitat III: Multilateral Development Banks from around the world collaborate to support ‘New Urban Agenda’
MDB's expressing their commitment to promote equitable, sustainable, productive urbanization and urban communities during Habitat III. Oct 18, 2016
- Women Forge a Future for Apartadó (04:45)
- More and Better Homes (1:55)
- New Homes for Guyana (02:40)
- Transparency in Home Mortgages (02:50)