Cape Verde Official Urges Promoting Multilateral Dialogue For Prosperity Of Municipalities

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 21. Promoting multi-stakeholder dialogue is essential to ensure stability, shared prosperity, and long-term solutions for Cape Verde municipalities, President of the National Association of Municipalities of Cape Verde Fabio Vieira said at an event titled "Beyond External Finance - Can Cities Scale Their Own Revenues While Delivering Housing Solutions" within the framework of WUF13 in Baku, Trend reports.

"At a time when we are witnessing growing turbulence in global geopolitics, marked by conflicts, strategic rivalries, and fragmentation that threatens traditional mechanisms of cooperation, the need for stronger and more responsible international cooperation becomes even more evident," he said.

Vieira noted that countries, especially the most vulnerable, are failing to address challenges that are inherently global: from climate change to energy security, from human mobility to development financing.

According to him, strengthening alliances, deepening partnerships, and promoting multi-stakeholder dialogue are not just desirable; they are essential to ensuring stability, shared prosperity, and long-term solutions for our municipalities.

"Municipalities around the world, and especially African municipalities, face the dual challenge of financing their development and providing decent housing for rapidly growing populations. Relying solely on external funding is no longer sufficient. We must strengthen local autonomy, diversify revenue sources, and create innovative mechanisms that enable municipalities to invest sustainably," he added.

Today marks the fifth day of WUF13 in Baku.

The first day included a ministerial meeting dedicated to the New Urban Agenda, a ministerial roundtable, assemblies for women and civil society, business sessions, and discussions on urban prosperity. An official ceremony marking the raising of the UN and Azerbaijani flags also took place.

The second day stood out for the inaugural Leaders' Summit, featuring high-level discussions on the global housing crisis, urbanization policy, and urban resilience. Concurrently, the opening of the Mexico City pavilion took place, serving as a significant platform for expanding cooperation with the Latin American region and preparing for WUF14.

--

MENAFN21052026000187011040ID1111149567