With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared cities of the world world regional urban development pdf in developing countries. The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth.
Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. World Bank report released today. Improving conditions for people and businesses in African cities by aggressively investing in infrastructure and reforming land markets is the key to accelerating economic growth, adding jobs, and improving city competitiveness. Africa’s cities must open their doors and connect to the world. Africa’s urban population stands at 472 million people today.
As cities grow in size, another 187 million people will be added to urban areas by 2025. In fact, Africa’s urban population will double over the next 25 years, reaching 1 billion people by 2040. Improving the economic and social dividends from urbanization will be critical as better developed cities could transform Africa’s economies. The report notes that Africa is urbanizing at lower incomes than other developing regions with similar urbanization levels. Lacking capital investment, the report emphasizes that investments in African cities’ infrastructure, industrial, and commercial structures have not kept pace with concentration of people, nor have investments in affordable formal housing. The potential for coordinated investments in infrastructure, residential, and commercial structures is great, which will enhance agglomeration economies and connect people with jobs. African cities are 29 percent more expensive than cities in countries at similar income levels.
55 percent more than in other regions. And in Lagos, Nigeria, two out of three people live in slums. Adding to this, city dwellers pay around 35 percent more for food in Africa than in low-income and middle-income countries elsewhere. 31 percent more for goods and services in African countries than in other developing countries at similar income levels.
In addition, urban workers in Africa are also forced to pay high commuting costs, or they cannot afford to commute by vehicle at all, and the informal minibus systems are far from cost efficient, leaving many to have to walk to work. The need to walk to work limits these residents’ access to jobs. The need for higher wages to pay higher living costs makes businesses less productive and competitive, keeping them out of tradable sectors. As a result, African cities are avoided by potential regional and global investors and trading partners. Given these costly conditions, the opportunities for tremendous gains in efficiency and productivity can lead to African cities becoming a strong catalyzer of economic development. From a policy standpoint, the answer is to address the structural problems affecting African cities. Africa needs to strengthen institutions that govern land markets, and coordinate urban and infrastructure planning.
Africa are 20 percent more fragmented than Asian and Latin American ones — is limiting productivity and livability. From an investment standpoint, Africa’s leaders and policy makers need to focus on early, coordinated infrastructure investments. Without this, they will remain local cities, closed to regional and global markets, trapped into producing only locally traded goods and services, and limited in their economic expansion. African cities need to create an internationally competitive tradable sector in order to stay open for business. For that to happen, city leaders must urgently have a strong and new urban development path for Africa.
Infographic: How Can Africa’s Cities Be an Open Door to the World? The World Bank Group, All Rights Reserved. You have clicked on a link to a page that is not part of the beta version of the new worldbank. Before you leave, we’d love to get your feedback on your experience while you were here.