Subjects: Non-profit, business, environmental issues, CMG
TORONTO, Oct 28, 2023 /PRNewswire/ — At the 4th Urban Economy Forum in 2022, it became clear that there is a need to establish a global platform for cities to access financial opportunities to address old and new challenges, while providing the necessary institutional and social conditions to create conditions. A year later, that dream came true in the 5th Municipal Economic Forum(UEF5) title For climate change, city financingwho brought this into beingGlobal Solutions Nexus(GSN).
The GSN creates a strong global network to connect local action and financing for impactful urban transformations. The aim is to bring together people, ideas, resources, institutions and systems to co-create these transformative solutions through creative and collaborative mechanisms for sustainable processes and outcomes.
The GSN will help cities and development partners identify, select and prepare innovative solutions that can solve local problems, maximize opportunities and improve the comparative advantages of cities and regions. These solutions can be developed thanks to the Coming together, sharing and creating a dialogue between technicians, academics, the private sector and financial institutions, as well as city leaders.
This initiative is based on three fundamental approaches: Innovation + Collaboration + Sustainability. By strengthening connections in these areas, it can stimulate broader thinking about the city that values and mobilizes local resources and assets while leveraging national and international investments. The resulting projectsGSN These are typically neighborhood interventions capable of promoting a vision of the city that combines the prosperity and well-being of these places with a broader vision of urban areas.
innovation is a way to link different project aspects and financial mechanisms that do not explicitly interact, thereby reducing the opportunities to achieve greater impact and results.
Cooperationis to bring together different actors and development partners to identify and co-create urban solutions that need to be linked to innovative financial strategies and instruments.
sustainabilitycan be ensured by establishing appropriate processes to achieve the necessary results that are transformative in nature and based on agreed principles and standards.
The GSN was launched in the presence of two ambassadors: Khalid bin Rashid Al-MansouriAmbassador of Qatar At CanadaAnd Carlos JoaquinMexican ambassador to Canada. Both expressed interest in further collaboration with the GSN and their country.
This ambitious initiative requires the participation of the entire society, as Reza Pourvaziry, President of the Urban Economy Forum, emphasized. The GSN and its subsidiaries will build a strong network of global partners to collaborate on specific pilot projects and new financial instruments within the framework of a clear business plan, Pourvaziry said.
Eduardo Ortiz Jasso, Director of UEF Latin America and the Caribbean, presented this new initiative at UEF5. The GSN will bring together key stakeholders to increase financial capacity and investments and create the conditions for financing the city’s transformation, Jasso said.
Yusuf AmdaniChairman of GK Global, described the platform as a unique platform that will enable cities and nations to assess, plan, finance and have a lasting positive impact on their communities.
The final product will be the design of a consistent platform focused on the creation of specific urban projects with an emphasis on financing with the aim of solving urban challenges and achieving positive economic, environmental and social impacts.
Global Solutions Nexus is not just an initiative, it is a call to action. We invite individuals, companies and organizations that share our vision to join this transformative journey. Our collaboration will help shape the future of cities, promote sustainable development and achieve lasting positive effects. We invite everyone to join this mission and help finance the cities of tomorrow today. Visit our website to explore investment opportunities and learn more about how you can get involvedhttps://www.globalsolutionsnexus.org/.
Together we can make a difference in the urban landscape and beyond.
For media inquiries: Alex VenutoMunicipal Economic Forum,[email protected]
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