Feature Story

Financing Sustainable Cities: How We're Helping Africa's Cities Raise Their Credit Ratings

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PPIAF’s Sub-National Technical Assistance (SNTA) Program in partnership with the World bank, French Development Agency (AFD), and the Municipal Institute of Learning of eThekwini (Durban,South Africa) sponsored a Creditworthiness Training Program organized as part of the World Bank’s Low-Carbon, Livable Cities Initiative. The Low Carbon, Livable Cities Initiative was launched by the World Bank Group President Jim Yong Kim as a groundbreaking initiative to reach 300 cities in developing countries over four years to help them plan for a low-carbon future and to get the needed finance flowing.

Open QuotesAfter another highly inspirational Financial Revenue Master Class in Nairobi, we remain convinced of the added value of practitioner-to-practitioner learning. We hope that by increasing our African footprint, we can help build more sustainable and financially viable municipalities.Close Quotes

Chief Financial Officer of the eThekwini Municipality, Durban, South Africa

In October, the first City Creditworthiness Training Program for African Cities took place in Nairobi, Kenya and gathered 54 senior municipal administrators from 10 African countries for a five-day creditworthiness training event, which will be followed by longer-term comprehensive capacity and institution building. Additional trainings are planned in Korea, Colombia, and later India. Read the full story on the World Bank website.