Although World Bank projects in the cultural heritage field are subject to the usual assessments that are applied to any project implementation, little is known about the subsequent performance of these projects in the years post-completion. This study was undertaken to provide some empirical evidence for the economic impacts of cultural heritage investment.
With rapid urbanization, cities featuring valuable historic cores and heritage assets struggle to modernize without completely losing their uniqueness. The good news is that there is an increasing trend toward financing projects aimed at conserving and incorporating heritage into development strategies. This book presents approaches to balance conservation and development.
The World Bank Group (WBG) has long recognized that the restoration and preservationof cultural heritage, urban regeneration, and sustainable tourism can play a vital role in developing countries’ efforts to promote local economic development, accelerate social integration, and alleviate poverty.
As urban growth and development continue at a breathtaking pace across the world, cities are increasingly bearing the brunt of conflicts, crises and disasters, which themselves are growing in number, magnitude and complexity. The convergence of these two trends – increasing urbanization and growing crises – demands an enhanced approach to city reconstruction and recovery, one that puts culture at its heart.