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.