The Public-Private Infrastructure Advisory Facility (PPIAF) and the World Bank's Low-Carbon Livable Cities Initiative, in collaboration with the C40 Network, the Korea Development Institute (KDI) and the Korean Green Growth Trust Fund (KGGTF), are pleased to announce the second City Creditworthiness Academy to be held in Seoul, South Korea, on April 21-25, 2014. The City Creditworthiness Academy will assist senior financial officials from sub-national governments and public enterprises across the East Asia Region to master the underpinnings of creditworthiness and to develop an action plan to improve their creditworthiness and access to finance for climate-related infrastructure.
Follow on support to help cities implement the action plan will be provided to selected participants after the Academy under the broader City Creditworthiness Program supported by all sponsors. The Program assists cities to improve their creditworthiness to enable them to access financing for low-carbon infrastructure projects.
The agenda of the City Creditworthiness Academy offers an intense set of training modules ranging from revenue management to climate smart capital investment planning, from debt financing options to the enabling environment for sub-national finance. The training emphasizes peer-to-peer learning and the practitioners' perspective. Best practices from the East Asia Region and from across the world will be presented and discussed. Site visits will also be organized by KDI.
Prior to attending the City Creditworthiness Academy, prospective participants will be required to submit a questionnaire on their entities' basic preparedness for debt financing. The responses will be used to inform the final design of the curriculum and to assign participants to specific discussion groups during the Academy. Participants should be sufficiently proficient in English as all activities and discussions will be led in English without translation services. An online forum will be activated prior to the Academy to support the community of practice among all participants. The forum is expected to serve its members also after the event and will enable participants to contact participants from prior and future Academies from around the world.
The inaugural City Creditworthiness Academy was held in Nairobi, Kenya in October 2013 with 54 financial officers from ten African countries participating. Several of the participants described their experience and the challenges facing their cities in a World Bank feature story.
All logistical details will be specified in due course and lodging will be covered. A limited amount of funds will be available for participant travel subsidies. Participants should indicate in their application if they wish to apply for subsidy funds. Requests for travel subsidies will be considered on the basis of need and merit.
About the partners: