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Urban Economy and Finance Branch (UEFB)
Cities are the main creators of economic wealth, generating over 70 per cent of the world’s Gross Domestic Product (GDP). Most industries and businesses are in or within immediate vicinity of urban areas, providing city residents with jobs. Since most employment opportunities are located within urban areas, cities attract large parts of a country’s job seeking population. This is especially true in developing countries where an increasing share of economic activities takes place in cities, and the differential between urban and rural wages is growing. Despite the economic importance of cities, city governments often lack the financial means to provide adequate public services to accommodate a growing urban population. As the gap between expenditure needs and generated revenue increases, cities struggle to create the necessary conditions for inclusive, sustainable, safe, and innovative and urban areas.
To counter the impacts of rapid urbanization, incomplete fiscal decentralization, and uncoordinated urban expansion, the UEFB works on three key clusters: Municipal Finance, Local Economic Development and Youth Empowerment.
Head of Branch: Marco Kamiya [ email@example.com]
- Youth and Livelihoods (Douglas Ragan) [ firstname.lastname@example.org]
- Local Economic Development (Ananda Weliwita) [ email@example.com]
- Municipal Finance (Marco Kamiya) [ firstname.lastname@example.org]