The World Bank is urging the government to promote public-private collaboration

The World Bank is urging the government to promote public-private collaboration to foster “inclusive urbanization.” Stephanie von Friedeburg, chief operating officer at the World Bank Group's International Finance Corporation, “said during the 2018 Annual Meetings of the International Monetary Fund and World Bank that mayors and their local administrations could not face the challenges alone. (…) Von Friedeburg explained, while the government could enforce smarter regulations, the private sector could also finance infrastructure projects through instruments such as green bonds or public-private partnerships.” National Development Planning Board head Bambang Brodjonegoro advocated for “responsive” regulations. “Research organization McKinsey Global Institute director Jonathan Woetzel concurred, saying that technology could be a tool and an enabler to reduce negative externalities caused by urbanization.”

Published on

Oct 16, 2018




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