Developing clean competitive cities key to Asia's future - ADB
MANILA, PHILIPPINES - Asian cities need to make a continuous effort
to become livable, competitive, inclusive and environmentally
sustainable cities, Asian Development Bank (ADB) President Haruhiko
Kuroda told a forum.
"With approximately 80 percent GDP today coming from urban areas,
quality and efficiency of Asia's cities and their ability to innovate
will determine on the region's long-term productivity and overall
stability," Kuroda said.
The three-day Asian Urban Forum titled, 'Financing Future Cities' has
drawn leading officials from central and municipal governments,
financing institutions, the private sector, as well as representatives
of non-government organisations, academia and multilateral agencies. The
event, which is being hosted and organised by ADB, is looking at how to
plan, develop and finance green, competitive, sustainable cities,
drawing on real experiences from around the globe.
Half the world's megacities with populations of over 10 million are
in Asia, but their extraordinary rise has come at a cost. Rapid
urbanisation is adding huge pressure on secondary cities which are
growing fast. Over 200 million urban dwellers live in poverty, many in
grim city slums. Pollution is worsening, and climate change presents a
new threat with the onset of increasingly severe natural disasters.
ADB is launching a new publication, 'Competitive Cities in the 21st
Century: Cluster Based Local Economic Development', at the forum. The
book gives governments, businesses, the private sector and communities a
blueprint for planning competitive, sustainable and inclusive urban