Creating and Mobilizing Wealth, Producing Sense, Building Future: Re-localizing economy and finance for local sustainable development


FMDV, Metropolis


  • Carlos de Freitas, Director of Programs of FMDV


  • Vicente Trevas, Secretary for International and Federative Affairs of the City of Sao Paulo, Brasil
  • Denis Coderre, Mayor of the City of Montreal, president of Greater Montreal, Canada
  • Dalila Haras, Chefchaouen Municipal Development Agency, Morocco
  • Nur Nidhi Neupane, Chief of the Department of Revenue of Kathmandu Metropolitan City, Nepal
  • Jean­ Louis Missika, Deputy Mayor in charge of Planning, Architecture and Economic Development of the City of Paris, France
  • Luis Revilla, Mayor of the Autonomous Municipal Government of La Paz, Bolivia
  • Dmitry Pozhidaev, Regional Program Advisor, UNCDF

Local, metropolitan and regional governments (LMRGs) are undoubtedly the main engines of national economies, catalysts for cultural, political, socio-economic and technological innovation. And, when properly institutionalized, empowered, led and managed, they deliver cohesive development planning, efficient local public services provision and responsible public expenditure, allowing better quality of life for citizens, creating more economic opportunities, better integrating depressed areas and reducing inequalities, as well as addressing environmental sustainability issues. However, their ability to ensure sustainable local economic development (LED) logics and dynamics -as a basis for local wealth creation, mobilization and redistribution-, is being put to the test by multidimensional glocal crises.

Urbanization rhythms; demographic evolutions; creation of a multipolar world with common but differentiated responsibilities; multilevel and multi-stakeholder governance issues; legal, regulatory and institutional archaism and bureaucracy; information and data revolutions; communication and technological mutations; health and education quality, financing and access issues; climate and environmental risks and pressures; land, food, water, energy and other resources and raw materials availability, access and affordability; growing inequalities, insecurity and conflicts; multiplying speculative bubbles and social, monetary, economic and financial systemic crises, are part of the main challenges faced by LMRGs, alongside central governments, but, by definition, status and location, in a very direct, frontal day-to-day manner, and often without comparable and articulated prerogatives, and clear decentralized mandates and means.

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Location: Leonardo - Palazzo Reale Date: October 14, 2015 Time: 2:30 pm - 4:15 pm