CAF and 100RC Sign Memorandum of Understanding to Bolster the Sustainability of Latin American Cities

To promote sustainable development in the region, both entities will work to strengthen technical capacities on urban resilience at the national, state and municipal levels, including inter-municipal approaches (metropolitan level) .

(Washington, September 7, 2018) – With the purpose of promoting more resilient cities in Latin America through cooperation and the exchange of knowledge, CAF – the development bank of Latin America – and 100 Resilient Cities – pioneered by The Rockefeller Foundation (100RC), signed a Memorandum of Understanding (MoU).

CAF’s Cities with Future Program aims to facilitate knowledge of best practices in the region to create cities that are increasingly inclusive, connected and integrated spatially, economically and socially, with universal access to basic services, training opportunities and environmental responsibility; the Program’s staff will work hand in hand with their counterparts at 100RC to promote urban resilience in Latin America.

“This cooperation is beneficial for Latin America because the development, conjunction and exchange of knowledge and experiences will allow us to initiate a joint learning process, and speed up the implementation of policies for more resilient cities; in addition, we expect the new approaches to multisectoral and intergovernmental work to encourage the implementation of specific projects identified in cities’ Resilience Strategies,” said CAF CEO Luis Carranza, during the MoU’s signing with Michael Berkowitz, President of 100 Resilient Cities.

“With this commitment, 100 Resilient Cities hopes to work hand in hand with CAF to promote resilience in cities across Latin America. This is the beginning of a great collaboration: we hope that our work with the most important development bank in the region will result in a positive impact for the region’s cities,” said Michael Berkowitz.

CAF and 100RC will work together on a range of urban themes including: analysis of the general guidelines, budget scenario and regulatory framework on urban resilience in Latin America; the strengthening of technical capacities on urban resilience at the national, state and municipal levels, including inter-municipal approaches (metropolitan level); the application of methodologies designed by 100RC to increase the resilience of concrete projects in participating cities; and technical support for selected projects and assistance in seeking financing sources; among others.

100RC has set out to catalyze a global movement on urban resilience to prepare cities for the challenges of the 21st century – integrating not only the shocks like natural disasters, but also the physical, economic and social stresses that weaken the urban fabric on a day to day or cyclical basis. Among the Latin American cities that are part of the 100RC network include Buenos Aires and Santa Fe (Argentina); Cali and Medellín (Colombia); Colima, Guadalajara, Juárez and Mexico City (Mexico); Porto Alegre, Río de Janeiro and Salvador (Brazil); Quito (Ecuador); Santiago de los Caballeros (Dominican Republic); Panama City (Panama), Montevideo (Uruguay) and Santiago de Chile (Chile).

The resilient cities approach offers opportunities in Latin America to establish conditions that face urban, economic, social, environmental and natural resource challenges, so that a community or society potentially exposed to acute impact or chronic stress, both of natural origin as human, have the ability to resist, assimilate, adapt and recover from its effects in the short term in an efficient manner, establishing a vision to cushion the long-term effects.

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CAF – the development bank of Latin America – has as its mission to promote sustainable development and regional integration, by financing projects from the public and private sectors, the provision of technical cooperation and other specialized services. Established in 1970 and currently made up of 19 countries -17 from Latin America and the Caribbean, together with Spain and Portugal- and 13 private banks, it is one of the main sources of multilateral financing and an important generator of knowledge for the region. More information at www.caf.com

100 Resilient Cities – Pioneered by The Rockefeller Foundation (100RC) helps cities around the world become more resilient to social, economic, and physical challenges which are a growing part of the 21st century. 100RC provides assistance through funding for a Chief Resilience Officer in each of the cities members, who will lead resilience efforts; resources for drafting a Resilience Strategy; access to private sector, public sector, academic, and NGO resilience tools; and membership in a global network of peer cities to share best practices and challenges. For more information, visit: www.100ResilientCities.org.

CAF, Strategic Communications Department, prensa@caf.com

Find us at: Facebook: CAF.America.Latina / Twitter: @AgendaCAF

100 Resilient Cities, Media Department, media@100rc.org

Find us at: Facebook: 100 Resilient Cities / Twitter: @100ResCities