QUITO, ECUADOR – In support of the ‘New Urban Agenda’ adopted this week during the UN-sponsored global Habitat III conference, eight Multilateral Development Banks (MDBs) are putting the agenda’s words into action by issuing a “joint statement” expressing their commitment to promote equitable, sustainable, and productive urbanization and urban communities.
On the occasion of the The New Urban Agenda and the role of the Multilateral Development Banks session at Habitat III, the eight MDBs—the Asian Development Bank (ADB), African Development Bank (AfDB), the Development Bank of Latin America (CAF), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Inter-American Development Bank (IADB), the Islamic Development Bank (ISDB), and the World Bank–presented their plans to work “together to ensure that the programs we support promote a model of urban development that encourages equitable, sustainable, inclusive and productive settlements, including small rural communities, villages, market towns, intermediate cities, and metropolises.”