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      code: 31028
      publish date:
      30/09/2013
      Join FMDV at the Second World Forum of Local Economic Development held in Foz do Iguaçú, Brazil at the end of October

      Join FMDV at the Second World Forum of Local Economic Development held in Foz do Iguaçú, Brazil at the end of October

      On October 31st, FMDV will be organizing a session on financing local economic development at the II World Forum of Local Economic Development to be held in Foz do Iguaçú, Brazil from the 29th of October to the 1st of November, 2013...
      Join FMDV at the Second World Forum of Local Economic Development held in Foz do Iguaçú, Brazil at the end of October

      The second edition of the World Forum of Local Economic Development to be held in Foz do Iguaçú Brazil, from the October 29th to November 1st, 2013, is organized by a variety of international and national organizations: PNUD-ART, FAMSI, UCLG, SEBRAE, ITAIPU and PTI, among others. The main objective of the Forum is to facilitate dialogue and exchange between local, national and international actors on the efficiency and impact of local economic development in tackling current challenges through existing practices.
      Local authorities are undoubtedly the main engines of national economies and usually account for more than 50% of national public expenditures and GDP. However, their capacity to ensure sustainable local economic development is being put to the test by multidimensional crises. Rapid urbanization, demographic pressure, climate and environmental emergencies, and economic and financial crises are the main challenges faced by local governments. These global tendencies have led to an increased fragility of local economies and fewer sources of financing for local development. In this context, local authorities must diversify their funding resources, build economic development strategies upon local resources and promote endogenous development by acknowledging the diversity of economic stakeholders and integrating local communities and not-for-profit actors. In this way, it is essential to see how local governments and their partners are working together around the world to face these challenges and implement efficient and innovative solutions in which the local economy finances local development.
      Based on these contextual elements, during the II World Forum of LED, FMDV will organize a session called “Financing Local Development with the Local Economy: Challenges and Strategies”. This session will consist of a discussion between a variety of actors on the challenges encountered by local authorities to finance local economic development and presentations of strategies and solutions implemented by local authorities and their partners to sustainably finance local development with the local economy. Among the strategies and instruments that will be presented are: urban agriculture projects, participatory budgeting, social currencies and community development banks, PPP for collection of local taxes, and community land trusts. The session will put a specific focus on the role of city-to-city cooperation in leveraging the effect on financing local economic development.
      The session will be part of the REsolutions to Fund Cities program, which is a four-year international program coordinated by FMDV in collaboration with UCLG and Metropolis. Inserted into the post-2015 development agenda, and in preparation of Habitat III, this initiative aims at identifying and valorizing sustainable financing solutions implemented by local authorities and their partners to build resilient and inclusive territories. Articulated at the regional level, this initiative aims at supporting local authorities in preparing the financing of their development projects, both through activities fostering the exchange and transfer of knowledge and experience (seminars and publications), and operational projects of technical assistance (training and pilot-project) leading towards local ownership of these mechanisms and strategies. This session will fit into a series of events related to REsolutions, organized up until 2016. The session at this Second World Forum on LED will nourish the REsolutions initiative by mobilizing and raising awareness among stakeholders, strengthening dialogue and knowledge transfer, and providing inputs on effective strategies for financing local development.
       

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