Katia Savchuk: The first global fund to give poor people direct control over urban development spending is having more than just a local impact...
The innovative fund lets poor communities define development strategies and manage capital from neighbourhood to global level.
The cost-effectiveness and broad impact of this financing model points to the need for placing urban poor communities at the helm of development spending in cities.
"All successful urban initiatives have been ones that have placed people's knowledge and people's action at the centre of the process," says Diana Mitlin, a researcher at the International Institute for Environment and Development who has worked with SDI for more than a decade.
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Via Sepp Hasslberger