UFPF: Urban Financing Partnership Facility: 2018 Annual Report

Abstract

The Urban Financing Partnership Facility (UFPF or the Facility) will soon mark its 10-year anniversary. Established in November 2009, the UFPF continues its goal of raising and utilizing development partner funds to support urban infrastructure projects and technical assistance work that prioritizes the environment, climate change resilience, and the urban poor. It has become an instrumental component of the urban development operations of the Asian Development Bank (ADB), complementing its Urban Sector Strategy—approved in 1999—and the 2012–2020 Urban Operational Plan (UOP), which reflects the vision of ADB’s Strategy 2020. In 2018, with the launch of the new long-term ADB corporate strategy, Strategy 2030, the UFPF has begun to align its investments and build on the thrust of the Strategy to achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, as well as its seven key operational priorities, one of which is “making cities more livable”. In this operational priority, ADB will pursue crosscutting projects that promote urban health, multimodal low-carbon public transport, gender equality, clean water and sanitation, and environmental sustainability. It also includes conducting inclusive and participatory urban planning processes, and exploring new sources of funding and expanding existing ones.