Looking towards the future of world urban development, cities of the global south will quizlet9/19/2023 ![]() “Investors are struggling with a range of obstacles when it comes to investing in resilience,” said Francis Ghesquiere, Head of GFDRR. Yet, right now, only 1.6% of it is invested in infrastructure at all, let alone in making that infrastructure resilient. The funding to do it is out there: between public, private, and philanthropic sources of funding, there is $106 trillion of private institutional capital available worldwide. Much of this demand comes from cities in the developing world. Research has estimated that, worldwide, the need for urban infrastructure investment is $4.5 trillion per year, and that making this infrastructure low carbon and climate resilient will take a premium of 9% to 27%. Almost 60% of the areas that will be urbanized by 2030 haven’t been developed yet, which means that the world has a brief window of opportunity for investment-but it will take a significant amount of funding. These informal and unplanned settlements are often built in high-risk locations, such as slopes or floodplains, and lack basic risk-reducing infrastructure.īut there is reason for optimism. Globally, 881 million urban residents are living in slums, up by 28% since 2000. ![]() ![]() The low resilience of growing cities is particularly dangerous to the urban poor. If cities fail to build their resilience to disasters, shocks, and ongoing stresses, climate change and natural disasters will cost cities worldwide $314 billion every year by 2030, and 77 million more people-or more than the entire population of the Democratic Republic of the Congo-will soon be living and laboring in the shadow of poverty.
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