Rapid urbanization is transforming the planet and the way we live: each year, about 1.4 million people move into cities around the globe1, and 90 percent of this takes place in developing countries. Urbanization, if managed well, can help reduce poverty and increase prosperity, as cities can accelerate growth, attract investment, spur innovation and enhance productivity. Poorly managed urbanization, however, can exacerbate existing challenges and leave cities more vulnerable to natural hazards. Established in June 2017, the World Bank Group’s City Resilience Program (CRP) is driven by the belief that a resilient future for our cities is possible. CRP aims to empower cities to pursue comprehensive investment programs to strengthen resilience, and to access a broad range of financing options.