Scope of the IMIF-TAF support
The initiative driving the need for this Terms of Reference is the International Municipal Investment Fund Technical Assistance Facility (IMIF TAF). This initiative was established in 2018 in the context of the Malaga Coalition for a financial ecosystem that works for cities and local governments. The coalition was created by UNCDF and United Cities and Local Governments (UCLG) with the support of the Global Fund for Cities Development (FMDV). The Coalition works towards reforms to the funding and financing system to enable local governments to accelerate progress towards global development goals.
The IMIF-TAF aims to assist urban investment opportunities with development and late-stage project preparation. IMIF TAF focuses largely on directly supporting municipalities in middle and lower-income countries, for projects which can reasonably be expected to be financeable by the private sector. After completing the Technical Assistance phase, projects supported by the IMIF TAF may be eligible for submission to the International Municipal Investment Fund (IMIF).
IMIF invests equity in commercially viable projects sponsored by cities to expand their fiscal space and accelerate the implementation of SDG11[1], SDG13[2], and other related SDGs. An independent third-party fund manager that manages IMIF. The IMIF-TAF is part of UNCDF’s wider support to city friendly finance. This includes technical assistance and advisory for other categories of local investments.
[1] Goal 11. Make Cities and human settlements inclusive, safe, resilient, and sustainable.
[2] Goal 13. Take urgent action to combat climate change and its impacts.
For more information, please download the terms of reference (ToR) and application instructions.
For queries, send your message to queries@uncdf.org
20240530 IMIF-TAF: Invitation to Apply for Equity Funding to Finance Projects in the African Region
Scope of the IMIF-TAF support
The initiative driving the need for this Terms of Reference is the International Municipal Investment Fund Technical Assistance Facility (IMIF TAF). This initiative was established in 2018 in the context of the Malaga Coalition for a financial ecosystem that works for cities and local governments. The coalition was created by UNCDF and United Cities and Local Governments (UCLG) with the support of the Global Fund for Cities Development (FMDV). The Coalition works towards reforms to the funding and financing system to enable local governments to accelerate progress towards global development goals.
The IMIF-TAF aims to assist urban investment opportunities with development and late-stage project preparation. IMIF TAF focuses largely on directly supporting municipalities in middle and lower-income countries, for projects which can reasonably be expected to be financeable by the private sector. After completing the Technical Assistance phase, projects supported by the IMIF TAF may be eligible for submission to the International Municipal Investment Fund (IMIF).
IMIF invests equity in commercially viable projects sponsored by cities to expand their fiscal space and accelerate the implementation of SDG11[1], SDG13[2], and other related SDGs. An independent third-party fund manager that manages IMIF. The IMIF-TAF is part of UNCDF’s wider support to city friendly finance. This includes technical assistance and advisory for other categories of local investments.
[1] Goal 11. Make Cities and human settlements inclusive, safe, resilient, and sustainable.
[2] Goal 13. Take urgent action to combat climate change and its impacts.
For more information, please download the terms of reference (ToR) and application instructions.
For queries, send your message to queries@uncdf.org