Expected results: Cities have better access to innovative knowledge products on urban resilience. Peer-to-peer learning between cities on urban resilience topics is enhanced and CRP experience and knowledge is shared with partner cities globally. Cities and/or World Bank TTLs received urban resilience screening analytics. Cities receive advisory support to deepen understanding and design of resilience investments identified through the program. Urban infrastructure investments have a clearer focus on climate change resilience. Potential business models for resilience investments are developed and shared with cities. Resilience investments advance to full structuring, procurement / contract and transaction.
Results from previous phases: The implementation of Phase I was externally evaluated in summer 2022 and confirmed satisfactory results across the OECD DAC evaluation criteria. The program has successfully triggered a dialogue on resilience issues in a large number of supported cities and created awareness and commitment to tackle urban resilience through planning and infrastructure investments. Since 2017, CRP has supported the development of 21 World Bank resilience operations with an investment volume of USD 3.1bn in loans. Although achieving private capital mobilization into urban resilience is challenging, the support provided by CRP Finance has proved to be highly relevant and has the potential to yield significant results. Already now, the potential to lead to over USD 850 m of private investment, largely through land-based development. Beyond that, CRP has helped unlock over $4m of additional technical assistance to support resilience related engagements.
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