On the Occasion of UN World Cities Day, Urban 20 (U20) Engagement Group of the G20, Announces the Creation of a “Global Urban Resilience Fund” in Response to COVID-19

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Mayor of Rome Virginia Raggi commented, “The challenge of our times is the fight against the pandemic. A struggle that is not only a challenge to restore the best health conditions; but, more, it is remedying the economic consequences of the pandemic. Cities cannot tackle this alone: solid support from states is needed, but, at the same time, it is necessary to pool resources and create new tools. The Global Urban Resilient Fund represents an intelligent way to meet these needs, and the commitment of the next Italian U20 Presidency will be to carry this forward and make it concrete.”

The Special Working Group brought together a further ten member cities; Amsterdam, Helsinki, Houston, Izmir, Los Angeles, Madrid, Mexico City, Rio De Janeiro, Sao Paulo and Tshwane, along with seven Knowledge Partners; University of Pennsylvania, Coalition for Urban Transition, the Chicago Council on Global Affairs, OECD, International Finance Corporation (World Bank Group), Agence Française de Développement and Université Gustave Eiffel.

The U20 is currently working to define the details and modalities of the Fund which will be announced by the end of the year.

For further information, please see www.urban20riyadh.org/knowledge-hub.

*Source: AETOSWire

View source version on businesswire.com:https://www.businesswire.com/news/home/20201030005112/en/

Contacts

APCO Worldwide
Caroline Rowe
crowe@apcoworldwide.com

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