Building urban resilience: Swiss Government donates 6.1 million to IDB

Contribution allows The Inter-American Development Bank, a Swiss Re partner, to expand its efforts in promoting sustainable development around the world.

The Inter-American Development Bank (IDB) has received a boost of USD $6.1 million to its Emerging and Sustainable Cities Initiative from the Swiss Government. The donation, earmarked for the IDB's Sustainable Emerging Cities Multi-donors Trust Fund, will also support faculty and graduate students from the Swiss Federal Institute of Technology who work with the Fund.

The Initiative was launched in 2011 and focuses on helping "growing intermediate cities make more informed planned decisions and take immediate actions toward smart and sustainable urban development," according to its website. The IDB is a valued partner for Swiss Re in helping build urban resilience.

"It's very exciting to see global leaders engaging in building resilience in cities.  As the risk exposure of these economic drivers grows, plans must be put into action to withstand shocks.  Urban resilience is a matter of national interest.  The commitment by the IDB and the Swiss Government will help drive a sea change in this dialogue," says Swiss Re Global Partnership's Alex Kaplan.

According to the IDB, the Initiative is designed for cities with fast growing economies that have a population between 100,000 to 2 million. Pilot locations included Trujillo, Peru; Port-of-Spain, Trinidad and Tobago; and Montevideo, Uruguay. The program is expected to expand to all 26 borrowing countries by 2015.

Published 5 November 2013


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