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The new World Bank Urban and Local Government Strategy realigns the Bank’s urban business with five business lines considered critical for cities and local governments in the decade ahead. The "Making pro-poor policies a city priority: Reducing urban poverty and upgrading slums" business line aims to support cities and national governments in addressing urban poverty by expanding policy-based interventions and scaling up investments in services for the poor citywide and nationwide.
Narrowly focused neighborhood slum upgrading interventions, while generally effective, have fallen well short of addressing the magnitude and scope of expanding informality and slums. In addition to pursuing sound macroeconomic policies aimed at enhancing growth, cities need to be better equipped to address urban poverty.