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Jakarta Post

Public, private collaboration needed for inclusive urbanization

  • Dewanti A. Wardhani

    The Jakarta Post

Nusa Dua, Bali   /   Tue, October 16 2018   /  02:54 am

Urbanization is often linked to economic growth, prosperity and poverty reduction, but in reality, not all classes in society have been able to reap the benefits of a more urbanized country.Urban areas offer more economic opportunities and have the potential to generate benefits for the residents within, but challenges such as inequality, congestion, insufficient transportation and housing backlogs remain.In order to face such challenges, experts and stakeholders have called for a collaboration between the government and private sector.Stephanie von Friedeburg, chief operating officer at the World Bank Group’s International Finance Corporation, said during the 2018 Annual Meetings of the International Monetary Fund and World Bank that mayors and their local administrations could not face the challenges alone.“Mayors and cities cannot do this alone. It has to be a coalition between th...