The multiregional technical assistance (TA) aims to scale up investments in emerging areas within the water and urban development sector. It will support target developing member countries (DMCs) in better managing the impacts of rapid urbanization by supporting integrated urban and regional planning, urban regeneration, and low-carbon climate-resilient retrofitting. The TA aims to (i) strengthen the governance arrangements and institutional capacities of DMCs in smart, resilient, and sustainable tourism; social and affordable housing; and subnational finance; (ii) instill best practices in infrastructure delivery and urban regeneration through the adoption of an integrated urban, regional, and risk-informed planning process and climate-resilient investment frameworks; (iii) promote climate resilience in investments, encompassing the introduction of innovations that support low-carbon initiatives, including strengthening ecological resilience by applying green spaces, green building practices in urban areas, eco-tourism, and nature-based solutions; (iv) identify opportunities to implement financial and policy innovations and mechanisms that promote operational efficiencies and financial sustainability; and (v) promote decentralization, commercialization, and private sector participation in the water, urban, housing, and tourism sectors where feasible
