The World Cities Report 2020 convincingly affirms that well-planned, managed, and financed cities and towns create economic, social, environmental and other unquantifiable value that can vastly improve the quality of life of all. Urbanization can be leveraged for the fight against poverty, inequality, unemployment, climate change and other pressing global challenges. In this regard, sustainable urbanization can play a key role in the Decade of Action to accelerate growth and shared prosperity to advance the achievement of the SDGs by 2030.