What is ADB's strategy towards sustainable urban development?

ADB's strategy towards sustainable urban development emphasizes the importance of funding infrastructure projects that promote sustainable urbanization. This approach aligns with the organization's commitment to enhance the quality of life in urban areas while addressing the challenges posed by rapid urbanization, such as inadequate infrastructure, environmental degradation, and social inequality.

Investing in infrastructure projects assists cities in developing the necessary frameworks for sustainable growth, which includes improving public transport systems, ensuring efficient water and sanitation services, and promoting energy-efficient buildings. By focusing on sustainable urbanization, ADB aims to create resilient urban environments that can adapt to climate change and other pressures, ensuring that urban growth is managed effectively and benefits all citizens.

This strategy contrasts sharply with other approaches like discouraging urban growth or promoting urban sprawl, which can lead to unmanageable city expansion without the necessary resources or planning. Additionally, focusing solely on rural development does not address the pressing needs faced in urban centers, further emphasizing the relevance of ADB's commitment to sustainable urban infrastructure development.