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Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

Citi GPS: The public wealth of cities

Perspectives

Citi GPS: The public wealth of cities

Author

By Citi GPS,

March 19, 2018Posted InCiti

Although overall city population growth averages less than 1% in the US, what has been different recently is that the infrastructure in the city itself has aged, leading to an increased perception that the city is more crowded – subways feel more crowded as old signal equipment failures lead to train delays, overdue maintenance on roads and bridges leads to road congestion and increased traffic jams and commuter trains are running ‘standing room only’ into urban train stations that are at capacity.

In our 2016 Citi GPS report Infrastructure for Growth, we found the total global need for infrastructure spending was $58.6 trillion over the next 15 years. At the same time that report noted the world had an enormous infrastructure investment deficit with infrastructure spend as a percentage of GDP falling to around 3.3% - below what we viewed as a necessary level of 4.1% of GDP by 2020.

But there are standout cities that are doing much better than others and in fact can pull their countries along towards better growth and social development. These “turbo cities” have made canny investments that make their daily operation cheaper, more effective, and sometimes even yields a direct return. This gives economic muscle for further investments. The secret to turbo cities is that they make the value of their long-term investments more transparent and visible and make evidence based decisions at arms’ length from day-to-day politics.

This Citi GPS advocates three steps for cities to move towards turbo cities: know your assets, allow more professional management of city assets, and shift expenditures from consumption to investment.

To read the full report click here.