Managing urban growth
Over the next 10 years, the rural population will start shrinking – not only in relative terms but also in absolute numbers. At the same time, cities are growing. Already today, more people are living in urban than in rural areas. By 2050, it is estimated that more than two thirds of the world’s population, six billion people, will live in cities. This growth might bring with it immense potential for improving well-being and equal opportunities as cities are not only drivers of growth, they also provide the impetus to important development processes. Improvements in basic services, climate protection, growth and resource efficiency can best be achieved in and with cities. At the same time, there are huge challenges accompanying this growth: unmanaged urbanisation results in the unsustainable use of land, which is then left smothered in concrete for decades. In 2016 during the Habitat III Conference in Quito the international community thus agreed on a New Urban Agenda. Its goal: sustainable and livable cities for all. As only with cities the development goals of the 2030 Agenda for Sustainable Development can be achieved. KfW Development Bank helps cities make the most of the opportunities at hand, while at the same time minimising risks.