Martin Rama

Martin Rama

Former World Bank Chief Economist for the Latin America and Caribbean (LAC) region - World Bank

Martín Rama is the former World Bank Chief Economist for the Latin America and Caribbean (LAC) region.

Rama's top priorities was to provide intellectual leadership on development issues facing LAC, to promote high-quality analytical work about the region, and to advisce the regional management team on development issues.

From 2013 to 2018, Rama was the Chief Economist for the South Asia region of the World Bank, based in Delhi, India.

All Sessions by Martin Rama

Day 2 13.06.2025
14:10 - 14:50

Private Cities: Rethinking Urban Development Through Market-Driven Models

Waterfall City Room (Breakout Room)

Private cities"”urban areas developed and managed by private entities"”are emerging as innovative responses to the challenges of rapid urbanization, especially in regions where public infrastructure development lags behind population growth. This panel will explore the motivations behind the creation of private cities, their governance structures, and their impact on economic development and social equity. Drawing on global examples, we'll examine how private cities operate, the roles they play in national development strategies, and the lessons they offer for future urban planning initiatives.