The Inter-American Development Bank (IDB) says mayors and finance secretaries from Latin America and the Caribbean (LAC) have announced the launch of a Network of Cities to facilitate regional cities' access to finance and boost available funding for resilience.
The Washington-based financial institution said the initiative was announced during the Mayors and Secretaries of Finance Forum on Saturday to promote access to finance in cities of Latin America and the Caribbean.
The IDB said the meeting was organized in Rio de Janeiro, Brazil, by the IDB Cities Network in partnership with the global network of cities, C40, and the municipal government of Rio.
The IDB said one of the Network of Cities' primary aims is to help local governments gain access to finance through a regional roadmap that fosters strategic dialogue to share knowledge, set priorities, and build capacities.
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