BAKU, Azerbaijan, May 21. A panel discussion on the topic “Fair Property Taxation as a Driver of Sustainable Urban Development” is taking place as part of the World Urban Forum (WUF13), Trend reports.
During the session, participants are discussing the role of fair and transparent property taxation in ensuring sustainable urban development, strengthening municipal finances, improving the quality of urban services, and creating an inclusive and balanced urban environment.
The panel discussion will address issues related to the relationship between property values and the fair distribution of public revenues, improving the efficiency of local taxation systems, and the use of tax mechanisms to support sustainable urban growth.
Meanwhile, it is expected that the discussion will result in proposals and recommendations aimed at improving property taxation mechanisms, strengthening the financial sustainability of cities, and developing more inclusive urban policies.
Today marks the fifth day of WUF13 in Baku.
The first day included a ministerial meeting dedicated to the New Urban Agenda, a ministerial roundtable, assemblies for women and civil society, business sessions, and discussions on urban prosperity. An official ceremony marking the raising of the UN and Azerbaijani flags also took place.
The second day stood out for the inaugural Leaders' Summit, featuring high-level discussions on the global housing crisis, urbanization policy, and urban resilience. Concurrently, the opening of the Mexico City pavilion took place, serving as a significant platform for expanding cooperation with the Latin American region and preparing for WUF14.
The third day of WUF13 featured a comprehensive program of events covering the global housing crisis, the formation of safe and inclusive cities, climate resilience, artificial intelligence and urban governance, green urbanization, social equity, and sustainable transport.
One of the highlights of the third day was the signing of a sister-city memorandum between the Azerbaijani city of Shusha and the Turkish city of Trabzon.
The fourth day of WUF13 featured a broad program of events dedicated to urbanization, climate change, inclusive urban development, housing policy, and sustainable governance.
One of the important events of the UN Special Program for the Economies of Central Asia (SPECA) Cities Forum, held on the fourth day, was the announcement of Almaty’s official accession to the “Declaration of Intent on the Establishment of the SPECA Smart Climate-Resilient Cities Forum.”
Also, for the first time in WUF history and at Azerbaijan’s initiative, the “WUF13 NGO Forum: Global Partnership and Decision-Making” was held.
WUF13, which has attracted more than 40,000 registered participants from 182 countries, will continue until May 22. Held under the theme “Housing the world: Safe and resilient cities and communities,” the forum brings together governments, international organizations, experts, and representatives of civil society to strengthen global cooperation in the field of sustainable urban development.
