September 28, 2022 | By Colin O. Jarrett |
The Inter-American Development Bank (IDB) says 45% of people in Latin America and the Caribbean (LAC) do not have a decent place to live and instead reside in unsuitable housing built with precarious materials or without basic amenities.
The Washington-based financial institution said brisk migration to cities and the constant formation of new families have outpaced urban housing supply, pushing a significant proportion of the region’s population into outlying areas and information settlements that are highly vulnerable to climate risks.
It said in a bid to solve this problem, the 2022 Housing Forum on September 29 and 30, will bring together top-level housing and urban development officials from the region, banking executives and experts from academic institutions and international bodies to close the housing gap in the LAC.
IDB Group is holding the 2022 Housing Forum with the theme: “Resilient solutions to reduce the housing shortage in LAC”. This high-level event will bring together leaders in the housing sector to propose novel ways to tackle this complex issue.