{"id":40631,"date":"2021-09-16T19:34:21","date_gmt":"2021-09-16T19:34:21","guid":{"rendered":"https:\/\/www.climatepolicyinitiative.org\/sectors\/urban-infrastructure-2\/"},"modified":"2021-10-25T13:58:00","modified_gmt":"2021-10-25T13:58:00","slug":"urban-infrastructure","status":"publish","type":"sectors","link":"https:\/\/www.climatepolicyinitiative.org\/id\/gca-africa-adaptation-finance\/sectors\/urban-infrastructure\/","title":{"rendered":"Urban Infrastructure"},"content":{"rendered":"

African cities face a huge investment deficit, hindered by poor quality institutions, lack of decentralization<\/a> and low levels of fiscal autonomy. There is no reliable estimate on the level of the investment gap, however, as there is limited knowledge and assessment of the existing infrastructure stock and needs. Some research has indicated that around USD 92 billion annually may be required, which is double the level of current urban expenditures estimated at around USD 45 billion<\/a>.<\/p>\n

The Infrastructure Consortium for Africa notes the World Bank and AfDB as the leading financiers of urban infrastructure across the continent, contributing around USD 2.3 billion in 2018. In recognition of the important role that subnational governments can play in supporting Africa\u2019s development goals, AfDB recently set out guidelines<\/a> for subnational governments to enhance their ability to increase, diversify and better utilize their financial resources. The Bank also established an Urban and Municipal Development Fund<\/a> in 2020 to support sustainable urban planning, project preparation and financing, secure private capital for infrastructure and develop new financial tools. Applicants from regional member countries may request project-based support via the fund\u2019s regular window or small grants initiative. Complementing these efforts are recently launched initiatives that focus on building cities\u2019 capacities for scaling solutions for urban adaptation, such as the Cities Adaptation Accelerator (CAA), and the Africa Urban Water Resilience Program.<\/p>\n

Approximately USD 120 million in adaptation finance tracked to the energy sector in Africa on average annually across 2017-18 from bilateral and multilateral DFIs (80%), international government ODA (11%), and other public funds (9%). Finance tracked to the sector was largely in the form of low-cost project debt (80%) while the remainder was in the form of grant funding (20%).<\/p>\n","protected":false},"excerpt":{"rendered":"

African cities face a huge investment deficit, hindered by poor quality institutions, lack of decentralization and low levels of fiscal autonomy. There is no reliable estimate on the level of the investment gap, however, as there is limited knowledge and assessment of the existing infrastructure stock and needs. Some research has indicated that around USD […]<\/p>\n","protected":false},"author":230,"featured_media":42703,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-40631","sectors","type-sectors","status-publish","format-standard","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nUrban Infrastructure - CPI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.climatepolicyinitiative.org\/gca-africa-adaptation-finance\/sectors\/urban-infrastructure\/\" \/>\n<meta property=\"og:locale\" content=\"id_ID\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Urban Infrastructure - CPI\" \/>\n<meta property=\"og:description\" content=\"African cities face a huge investment deficit, hindered by poor quality institutions, lack of decentralization and low levels of fiscal autonomy. 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