Policy advocacy to build urban economic resilience during and after COVID-19 in the Arab region – World

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Attachments

E/ESCWA/CL2.GPID/2022/TP.1

Key messages

Building urban economic resilience requires achieving resilience in the local business environment, labor market conditions, financial environment, economic governance and infrastructure.

The availability of reliable and comparable urban data is essential for evidence-based decision-making leading to the achievement of sustainable urban development and the ability to anticipate and recover from shocks.

Addressing the lack of decentralized municipal funding for building, maintaining and upgrading infrastructure in a smart and orderly manner, coupled with the insufficient capacity of local governments, is key to implementing urban development policies and building economic resilience. urban.

Diversifying the local economy and creating investment hubs within municipalities to identify business and investment opportunities in the city is key to improving the resilience of the local business environment and achieving economic resilience urban.

Strengthening the resilience of the local labor market requires ensuring diversity, improving the participation of women in the workplace and designing education and training reform strategies.

Strengthen the capacities of local governments and establish institutional mechanisms aimed at attracting financing for local development initiatives, including the financing of small and medium-sized enterprises, as they represent an important source of job creation and economic diversification.

Encourage the inclusion of actors concerned with local development in local economic governance processes leading to the development of inclusive local economic and social policies.

Arab countries are seeking digital transformation to increase their ability to withstand future shocks and challenges at varying pace. According to the Arab Digital Economy Index, among Arab countries:

23% can adapt quickly and are extremely resilient to evolve into modern applications.

32% have sufficient infrastructure and knowledge to move forward in the medium term, within two to four years.

45% need access to internet services and cybersecurity and need to develop strategic transformation and digital economy plans to complement the basic communications infrastructure needed to build urban economic resilience.

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