Circular

1/2019

Barcelona, 30 January 2019

To the members of the World Council

To the Secretaries General

To the Vice-Presidents of United Cities and Local Governments

To the Chairs of UCLG Committees, Working Groups, Communities of Practice and Fora

For information: To the Presidency

International Municipal Investment Fund

Call for expressions of interest from cities and local governments

Dear members,

We are writing to u

pdate you on the establishment of the International Municipal Investment Fund, a joint initiative of UNCDF and UCLG in collaboration with FMDV. 

This Fund is one of the essential components of UCLG's renewed global strategy on the localization of financing in support of sustainable urbanization, which was adopted by the Executive Bureau in Strasbourg in May 2018. It aims to facilitate access to financing for local government capital investment projects on national and international financial markets. More information on the Fund can be found in the attached concept note. 

A call for expressions of interest was launched at the end of December 2018 to identify a Fund Manager. Final selection is expected by spring 2019. This Fund Manager will be responsible for finalizing the technical and regulatory set-up of the Fund, prior to its capitalization in the summer of 2019.

Call for interest from Cities and Local Governments - Deadline: 22 February 2019!

As a start, the Fund aims to support 10 pilot cities in the Global South. Selected pilot cities will receive technical assistance to help them define their investment programme and support them in all necessary matters to access financing from the Fund. Additional technical and financial partners will also be mobilized as needed.

Cities that express interest will be invited to produce a self-assessment that includes considerations on the national context, the institutional environment, the quality and performance of local management, and the nature and maturity of their investment project or programme that may be eligible for funding.

The selection of the 10 pilot cities will be carried out by an inter-institutional group on the basis of the results of the self-assessments. 

If you are interested and wish to receive the materials for the self-assessment, please write a letter of motivation to UCLGExbu@uclg.org by 22 February 2019 with the subject: International Municipal Investment Fund Pilot.

For any additional information, please contact Serge Allou at s.allou@uclg.org.

We look forward to hearing from you and hope that this initial work will open up important financing channels for our membership.

Sincerely,

The UCLG World Secretariat