No country has ever developed without urbanising, World Bank economist tells Euronews at Baku forum
At the World Urban Forum in Baku, a World Bank economist emphasized that urbanization is essential for economic growth and job creation. He highlighted the significant financing challenges faced by rapidly urbanizing regions, particularly in Africa. While some experts express concerns about the negative impacts of urbanization, the economist argued that it should be viewed as an opportunity rather than a threat.
- ▪World Bank Senior Economist Mark Roberts stated that no country has fully developed without urbanizing.
- ▪He warned that Africa faces a financing gap that cannot be filled by any single institution.
- ▪Roberts emphasized the need for diverse financing sources, including private sector investment, to address urban infrastructure needs.
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