Urban Financing Partnership Facility: Annual Report 2017

Abstract

The Asian Development Bank’s (ADB) support to urban development in the Asia-Pacific Region is based on its Urban Sector Strategy approved in 1999 and later the approval of 2012–2020 Urban Operational Plan (UOP) to address the vision of ADB’s Strategy 2020. The launch of its Urban Financing Partnership Facility (UFPF) in 2009 has helped support innovative solutions in the urban space. Support from the UFPF largely addresses work in ADB’s urban development and water divisions, which together constitute the Urban Sector Group (USG). The USG’s Secretariat is responsible for managing the UFPF in addition to other trust funds and knowledge activities. Leading through to 2030, the USG will support the strategic targets of ADB’s proposed Strategy 2030, and the Sustainable Development Goals (SDGs), primarily on Goal 11: Making cities inclusive, safe, resilient, and sustainable, and other goals associated with urban development. This includes scaling up previous activities with potential for supporting competitive, green, and inclusive growth, and leveraging climate financing.