Global Partnership for Local Investment

Summary

The World Economic Forum and UN-Habitat recognize the extraordinary challenges facing cities and local governments as they look to recover from compounding global crises and continued economic instability. To address this urgent need, the World Economic Forum and UN-Habitat commit to the establishment of a Global Partnership for Local Investment to accelerate public-private collaboration and resourcing of urban initiatives that advance the 2030 Agenda for Sustainable Development and New Urban Agenda. The Global Partnership will forge and mobilize a coalition of industry leaders, investors, international institutions, multilateral development banks, and national, regional and city governments to serve as first-movers and pioneers for joint planning and co-investment in cities; curate successful models of public-private collaboration that can be scaled globally; and develop new tools, forums and platforms to catalyse, support and showcase these new models of collaboration and co-investment.