Sustainable Cities and Climate Change
LAIF's action is embedded in the "Cities with a Future" program, launched by CAF to accompany policies for sustainable urban development in Latin America and to promote an integrated, multi-sectoral approach to urban development in order to better answer the challenges faced by local governments. The Program helps structure a dialogue with the cities on four main issues: inclusive urban development, productive transformation, environmental sustainability and institutional strengthening and security. In the framework of the Program, the first step towards implementation includes technical assistance (diagnosis and priorities) financed through a grant, leading to investments as a second step. The action has two components: a credit facility and technical assistance.
The credit facility will finance urban development investment projects classified as climate change mitigation or adaptation in Latin America. The Technical Assistance Program will accompany local governments in the definition of low-carbon and climate-resilient urban strategies to reduce their greenhouse gas emissions, and of tools (vulnerability diagnoses) and measures to reduce their exposure to the impacts of climate change.