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World Economic Forum – Urbanization: What Can Companies Do To Help Rejuvenate Cities ?

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|   By Avedis Hadjian   | Financing is one of the biggest challenges for urban renewal projects. Cities are expensive to run and public funds often fall short. Corporations have a role to play but, in Latin America, they face political and economic constraints. “Private sector participation is an important component of any good urban development practice by a local government,” said Ellis J. Juan, general coordinator of the Emerging and Sustainable Cities Initiative at the Inter-American Development Bank. “Some sectors where revenue sources are easier to identify and monetize are more prone to public private partnership structures,” he […]
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