World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


Pro-Poor Mortgages Will Soon Be Needed

Pro-Poor Mortgages Will Soon Be Needed To Curb The Growth Of Slums: Un Housing Chief

New York, Oct 27 2006 2:00PM

Mortgages that allow poor people to buy housing will soon be needed to curb the worldwide growth of slums and improve living standards, the head of the United Nations agency charged with promoting socially and environmentally sustainable housing has warned, saying that her organization has already begun testing various financing methods.

In several rapidly urbanizing countries, slums are growing at a rate almost equal to that of urban population growth, Executive Director of the UN Human Settlements Programme (UN-HABITAT), Anna Tibaijuka, told the General Assembly's Second Committee on Thursday.

She also said that recent research showed that more than one billion people living in slums suffered from levels of malnutrition that were similar to or worse than those found in rural areas. The sense of urgency was heightened by the combined trend of rapid urbanization and the urbanization of poverty, she added.

This means that poverty now threatens the living standards of many in the world’s cities. She told the Committee the future of the world was urban, noting that Latin America was now 75 per cent urbanized – a process that had slowly taken place over the last 30 years, and by 2030, Africa would cease to be a rural continent, as would Asia by 2040.

UN-HABITAT must strengthen its work in urban living, especially in the establishment of affordable, pro-poor mortgage financing systems, she said, adding that it was now field-testing mechanisms to deliver such financial systems because conventional social housing solutions were not realistic due to a lack of funds.

But she said that there were some signs of progress, noting in particular that new rules, effective since August, meant that UN-HABITAT could finally act as a catalyst, enabling countries to meet the slum upgrading and water and sanitation targets of 2015.

Ends

© Scoop Media

 
 
 
 
 
World Headlines

 

Preliminary Results: MH17 Investigation Report

The Joint Investigation Team (JIT) is convinced of having obtained irrefutable evidence to establish that on 17 July 2014, flight MH-17 was shot down by a BUK missile from the 9M38-series. According to the JIT there is also evidence identifying the launch location that involves an agricultural field near Pervomaiskyi which, at the time, was controlled by pro-Russian fighters. More>>

ALSO:

At The UN: Paris Climate Agreement Moves Closer To Entry Into Force

The Paris Agreement on climate change moved closer toward entering into force in 2016 as 31 more countries joined the agreement today at a special event hosted by United Nations Secretary-General Ban Ki-moon. More>>

ALSO:

ALSO:

Gordon Campbell: On The End Game In Spain (And Other World News)

The coverage of international news seems almost entirely dependent on a random selection of whatever some overseas news agency happens to be carrying overnight... Here are a few interesting international stories that have largely flown beneath the radar this past week. More>>

Amnesty/Human Rights Watch: Appalling Abuse, Neglect Of Refugees On Nauru

Refugees and asylum seekers on Nauru, most of whom have been held there for three years, routinely face neglect by health workers and other service providers who have been hired by the Australian government, as well as frequent unpunished assaults by local Nauruans. More>>

ALSO:

Other Australian Detention

Gordon Campbell: On The Censorship Havoc In South Africa’s State Broadcaster

Demands have included an order to staff that there should be no further negative news about the country’s President Jacob Zuma, and SABC camera operators responsible for choosing camera angles that have allegedly made the President ‘look shorter’ were to be retrained... More>>

ALSO:

Gordon Campbell: On A Bad Week For Malcolm Turnbull, And The Queen

Malcolm Turnbull’s immediate goal – mere survival – is still within his grasp... In every other respect though, this election has been a total disaster for the Liberals. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news