The Habitat III summit aims to generate action towards sustainable urbanization and that often boils down to the topic of finance.
The four-day gathering in Quito, Ecuador, includes dozens of sessions related to innovative and collaborative ways to pay for the proposals put forward in the New Urban Agenda — the U.N.’s principal framework document for sustainable urbanization, that by some estimates could cost in the tens of trillions of dollars to fully implement. One of the most widely discussed policies in municipal finance at the conference are financial instruments related to land value capture.
To simplify a complicated topic, land value capture refers to financial gains from the appreciation of private land as a result of public investments or administrative actions by a municipality.
About the author
Naki B. Mendozamfbmendoza
Naki is a former reporter, he covered the intersection of business and international development. Prior to Devex he was a Latin America reporter for Energy Intelligence covering corporate investments and political risks in the region’s energy sector. His previous assignments abroad have posted him throughout Europe, South America, and Australia.
