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The UN Secretary-General stressed the vital role cities play in sustainable development as catalysts for economic growth and innovation in remarks observing World Cities Day last week.
Cities, towns and their surrounding areas act as powerful magnets for innovation, culture and opportunities, attracting both talent and investment. Approximately 1.1 billion people live in slums and informal settlements in urban areas, which entrenches poverty and limits opportunities. “I am a strong advocate for equitable financing solutions at the global level,” the UN chief said. Such solutions, together with innovative and diverse funding sources, are essential to strengthen local financing strategies that are climate-friendly, inclusive, and equitable, he added.
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